China’s Manufacturing Sector Shows Signs of Recovery

China’s manufacturing industry rebounded in October 2024, signaling a potential turnaround for the world’s second-largest economy. The Caixin/S&P Global Manufacturing Purchasing Managers’ Index (PMI) rose to 50.3 from 49.3 in September, surpassing analysts’ expectations of 49.7. A reading above 50 indicates expansion in the sector. The official manufacturing PMI, released by the National Bureau of […]