China's Manufacturing and Non-Manufacturing Sectors Show Signs of Recovery

China's PMI data for October indicates the first expansion in manufacturing activity in six months, alongside a slight growth in non-manufacturing sectors.

• China's manufacturing PMI rose to 50.1 in October, marking the first expansion since April after five consecutive months of contraction.
• The non-manufacturing PMI also improved slightly to 50.2, showing growth in services and construction sectors.
• Recent government measures, including monetary policy adjustments and potential fiscal stimulus, are credited with boosting economic sentiment.
• Subindices for production and new orders in manufacturing showed notable improvement, with production reaching a six-month high.
• Investors and analysts are cautiously optimistic, awaiting further economic policy announcements from China's top legislative body next week.

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