September 30, 2020

China's official Purchasing Managers' Index (PMI) for the manufacturing industry came in at 51.5 percent in September, up 0.5 percentage points from August, said the report by the National Bureau of Statistics (NBS) on Wednesday. It's an indication that manufacturing activities are picking up and have remained in the expansion region for seven months since China's manufacturing sector was heavily battered in February to a record low. 

This came after the increase of manufacturing activities at 5.6 percent in August at the fastest speed in two years, suggesting a recovery in policy support as well as in consumer spending and business productivity.

The figure showed that the index for production, the new orders and the supplier delivery time are all above the critical point, according to the report.

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