Manufacturing PMI unchanged at 51
China’s manufacturing activities continued to expand in a stable manner, according to the Caixin China Purchasing Managers’ Index for manufacturing sectors, released on Wednesday. The reading was 51 in October, unchanged from September. It has been above 50 for five consecutive months. A reading above 50 indicates expansion while a figure below that indicates contraction. It shows that China’s manufacturing industries expanded in a stable manner during October, but the country’s strict production reduction measures aimed at environmental protection and low corporate stock levels may affect production in the coming months, said Zhong Zhengsheng, chief economist of Caixin Insight Group, which compiled the index. China’s industrial output growth may slow in October and investment growth may also be affected by the restrictive property market measures, Zhong said. enables faster and easier cargo clearance, as companies need not deal with multiple agencies. They only submit documents at a single location. Xiao Wenjun, deputy director of the Chongqing port, said 39 types of services are available via the singlewindow system in the city. Nine of the services are required for all ports nationwide, and others are local to help companies follow logistics data, check company credibility and make international online settlements.