China’s Factory Activity Extends Contraction to Fifth Month

Factory activity in China contracted for the fifth straight month in September, adding to persistent economic challenges facing the world's second-biggest economy. Data published on September 30 showed the manufacturing Purchasing Managers' Index fell from 49.7 in August to 49.4. A reading below 50 shows contraction. The continued slide underscores the difficulties that face China in stabilizing its economy amid geopolitical tensions and domestic challenges.

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