Manufacturing PMI rebounds in Sept
The Caixin General China Manufacturing Purchasing Managers' Index (PMI), a private gauge of Chinese manufacturing activity, improved slightly in September, the latest sign the world's second-largest economy is stabilizing.
The Caixin manufacturing PMI edged up to 50.1 in September from a reading of 50 the previous month, according to a survey conducted by financial information service provider Markit, sponsored by Caixin Media. A reading above 50 indicates expansion, while anything below represents contraction.
It was only the second time the index had been in expansionary territory since February 2015.