A private gauge of China’s factory activity fell into contraction in October, suggesting continued economic headwinds despite Beijing’s recent efforts to shore up growth.
The Caixin manufacturing purchasing managers index fell to 49.5 in October from 50.6 in September, falling into contractionary territory for the first time in three months, according to data released Wednesday by Caixin Media Co. and S&P Global. The 50-mark separates expansion from contraction.
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