China's factory activity unexpectedly shrank in October after resuming expansion for the first time in half a year in September, official data showed on 31st of Oct.
China's June factory activity improved marginally but still remained in the contraction territory, data from the National Bureau of Statistics showed on Friday.
The purchasing managers' index (PMI) for China's manufacturing sector came in at 50.1 in September, up from 49.4 in August, data from the National Bureau of Statistics showed Friday.
As the epidemic prevention and control situation in China continues to improve, and policies and measures to stabilize the economy are taking effect, China's overall economic recovery has picked up pace.
Wen Bin, chief researcher at China Minsheng Bank, attributed the improvement in PMI readings to the government's stronger macro policy support and the gradual resumption of work and production amid better control of the pandemic.