1. China's factory activity contracted for the seventh consecutive month, as indicated by a Manufacturing Purchasing Managers' Index (PMI) of 49.0 in October.
2. The contraction was largely due to sluggish domestic demand and ongoing tariff measures from the US administration.
3. Despite the decline in manufacturing sector, the non-manufacturing sector, including service providers, showed improvement with a PMI of 50.1. China's President Xi Jinping and US counterpart Donald Trump agreed to lower some tariffs during their meeting in South Korea on October 31st.
2. The contraction was largely due to sluggish domestic demand and ongoing tariff measures from the US administration.
3. Despite the decline in manufacturing sector, the non-manufacturing sector, including service providers, showed improvement with a PMI of 50.1. China's President Xi Jinping and US counterpart Donald Trump agreed to lower some tariffs during their meeting in South Korea on October 31st.
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Summary
China's factory activity contracted for the seventh consecutive month, with a PMI of 49.0 in October, primarily due to sluggish domestic demand and ongoing US tariff measures. However, the non-manufacturing sector, including service providers, showed improvement (PMI 50.1). During their meeting in
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ID: 905ac856-ba34-4083-a73c-d28941e92845
Category ID: listed_summary
URL: https://www3.nhk.or.jp/nhkworld/en/news/20251031_B4/#summary
Date: Oct. 31, 2025
Created: 2025/10/31 21:40
Updated: 2025/12/07 22:59
Last Read: 2025/11/01 07:32