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Manufacturing PMI



China reported slower production growth for the second month in a row in October, as the US trade war with the US continues.

The economic data from China are closely monitored in the trade war between the two economic giants.

Chinese statistics official Zhao Qinghe said in an analysis of The Data that production activity in October was affected by long national holidays and a "complex and variable external environment" that caused "fluctuations" in demand and supply ,

China already recorded slower growth of 6.5 percent than expected The third quarter of the year ̵

1; the weakest pace since the first quarter of 2009.

Even before the escalation of trade tensions with the US this year, Beijing was already trying After three decades of rapid growth to cope with a slowdown in the economy

The US trade war now makes these efforts more difficult, and analysts expect Beijing to support the policy easing to tackle the threats from the bilateral dispute Growth can be derailed ,

The results of another private industry survey focusing on small and medium-sized enterprises will be released on Thursday.

China's official PMI meter focuses on large companies and state-owned enterprises, while Caixin and IHS Markit's private survey focuses on small and medium-sized businesses.

– Reuters contributed to this report.


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