China’s Caixin PMI manufacturing slips to 49.5, business optimism continues to wane

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<p>China’s Caixin PMI Manufacturing index slipped from 50.6 in September to 49.5 in October, falling below market expectations set at 50.8. This marks a renewed contraction in the nation’s manufacturing sector. Wang Zhe, Senior Economist at Caixin Insight Group, highlighted several challenges facing the manufacturing industry. “Overall, manufacturers were not in high spirits in October,” […]</p>
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