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المشهد العربي
Chinese factory growth driven by stimulus and tech
Factory activity in China showed a noticeable rebound in September after two months of contraction, driven by a large economic stimulus package launched by the government two years ago, which focused on technology and consumer industries. This led to an improvement in the non-manufacturing Purchasing Managers' Index (PMI), which surpassed the 50-point threshold. Additionally, the construction sector recorded its highest reading since the beginning of the year, despite ongoing pressures from weak domestic demand and rising energy costs due to the war in the Middle East.
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