BEIJING (Reuters) – According to an official survey released on Friday, China’s manufacturing activity experienced a contraction for the seventh consecutive month in October, prompting renewed calls for additional stimulus to enhance domestic demand amid ongoing challenges related to international shipping and pricing pressures. The official purchasing managers’ index (PMI) dropped to 49.0 in October from 49.8 in September, marking a six-month low, as reported by the National Bureau of Statistics. This reading remains below the critical 50-point threshold that distinguishes growth from contraction and fell short of the median forecast of 49.6 in a Reuters poll. In contrast, the non-manufacturing PMI, encompassing services and construction, showed slight improvement, rising to 50.1 from 50.0 in September. Zhiwei Zhang, chief economist at Pinpoint Asset Management, noted, “Economic momentum has weakened since the middle of the year, with the slowdown in the property sector continuing to exert pressure on domestic demand. The fiscal policy has not significantly adjusted to mitigate these downward trends.” The extended downturn poses challenges for manufacturers attempting to regain strength in the post-COVID era, compounded by a costly trade conflict with the U.S. that has led many factory operators to withdraw from the world’s largest consumer market. Additionally, exporters are facing diminishing returns in new markets across Europe, Latin America, the Middle East, and Africa. Although the PMI, which gauges sentiment, has sometimes painted a more pessimistic outlook than actual economic data\u2014evidenced by increases in September’s industrial output and profit figures\u2014analysts caution that these trends may be skewed by the influence of large state-owned enterprises. Xu Tianchen, senior economist at the Economist Intelligence Unit, expressed surprise at the PMI decline given expectations for more stimulus in the fourth quarter through policy financing tools and new government bonds. As of the third quarter, China’s economic growth slowed to 4.8%, marking its weakest rate in a year. This pace, while still on track to achieve the approximately 5% target for the year, raises concerns about Beijing’s dependence on external demand amidst escalating trade tensions. Following a recent closed-door meeting, the ruling Communist Party committed to enhancing domestic consumption and reinforcing its industrial framework over the next five years. However, some analysts critique whether Beijing’s approach will merely reinforce existing practices that prioritize large enterprises at the expense of private businesses and households. Opinions are divided on the necessity of further stimulus this year, though accelerating infrastructure investment could be a strategy for maintaining economic targets in Q4. Nonetheless, long-term uncertainties persist regarding the government’s capability to rebalance an economy where household consumption lags global averages significantly. According to Dan Wang, director for China at Eurasia Group, “The stimulus will likely suffice to meet the full-year targets without alarming indicators ahead of the upcoming fifteenth five-year plan.” Meanwhile, analysts surveyed by Reuters predict that the private-sector RatingDog PMI will drop to 50.9 on Monday, down from 51.2 the previous month. (Reporting by Joe Cash; Editing by Sam Holmes)<\/p>\n","protected":false},"excerpt":{"rendered":"
BEIJING (Reuters) – According to an official survey released on Friday, China’s manufacturing activity experienced a contraction for the seventh consecutive month in October, prompting renewed calls for additional stimulus to enhance domestic demand amid ongoing challenges related to international shipping and pricing pressures. The official purchasing managers’ index (PMI) dropped to 49.0 in October […]<\/p>\n","protected":false},"author":2,"featured_media":4381,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78],"tags":[],"class_list":["post-4382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-1"],"translation":{"provider":"WPGlobus","version":"3.0.0","language":"ms","enabled_languages":["en","de","ja","vi","ms"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"de":{"title":false,"content":false,"excerpt":false},"ja":{"title":false,"content":false,"excerpt":false},"vi":{"title":false,"content":false,"excerpt":false},"ms":{"title":false,"content":false,"excerpt":false}}},"rttpg_featured_image_url":{"full":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/10\/news_image_6.png",1536,1024,false],"landscape":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/10\/news_image_6.png",1536,1024,false],"portraits":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/10\/news_image_6.png",1536,1024,false],"thumbnail":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/10\/news_image_6-150x150.png",150,150,true],"medium":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/10\/news_image_6-300x200.png",300,200,true],"large":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/10\/news_image_6-1024x683.png",1024,683,true],"1536x1536":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/10\/news_image_6.png",1536,1024,false],"2048x2048":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/10\/news_image_6.png",1536,1024,false],"blog-thumb":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/10\/news_image_6-530x250.png",530,250,true],"blog-full":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/10\/news_image_6-1100x450.png",1100,450,true]},"rttpg_author":{"display_name":"MUHAMMAD ISMAIL","author_link":"https:\/\/globalcryptoguru.com\/ms\/author\/ai-news-automation\/"},"rttpg_comment":0,"rttpg_category":"News 1<\/a>","rttpg_excerpt":"BEIJING (Reuters) – According to an official survey released on Friday, China’s manufacturing activity experienced a contraction for the seventh consecutive month in October, prompting renewed calls for additional stimulus to enhance domestic demand amid ongoing challenges related to international shipping and pricing pressures. The official purchasing managers’ index (PMI) dropped to 49.0 in October…","_links":{"self":[{"href":"https:\/\/globalcryptoguru.com\/ms\/wp-json\/wp\/v2\/posts\/4382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalcryptoguru.com\/ms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalcryptoguru.com\/ms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalcryptoguru.com\/ms\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/globalcryptoguru.com\/ms\/wp-json\/wp\/v2\/comments?post=4382"}],"version-history":[{"count":1,"href":"https:\/\/globalcryptoguru.com\/ms\/wp-json\/wp\/v2\/posts\/4382\/revisions"}],"predecessor-version":[{"id":4383,"href":"https:\/\/globalcryptoguru.com\/ms\/wp-json\/wp\/v2\/posts\/4382\/revisions\/4383"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalcryptoguru.com\/ms\/wp-json\/wp\/v2\/media\/4381"}],"wp:attachment":[{"href":"https:\/\/globalcryptoguru.com\/ms\/wp-json\/wp\/v2\/media?parent=4382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalcryptoguru.com\/ms\/wp-json\/wp\/v2\/categories?post=4382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalcryptoguru.com\/ms\/wp-json\/wp\/v2\/tags?post=4382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}