China's Oct factory activity likely rose as economy finds footing: Reuters poll

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China's Oct factory activity likely rose as economy finds footing: Reuters poll
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Spice Up Your Life with Homemade Pumpkin Spice: No Bake Pie | SaltWire #shortsvideo #cookingshortsBEIJING - China's manufacturing activity likely expanded for a second straight month in October, a Reuters poll showed on Monday, suggesting recent support measures are helping boost sentiment as the economy stabilises.

The highest projection was a reading of 50.5 by Capital Economics and the lowest 49.9 by Standard Chartered. An index reading above 50 indicates expansion in activity on a monthly basis while below that signals contraction. The world's second-largest economy grew faster than expected in the third quarter, while consumption and industrial activity in September also surprised on the upside.

Despite indicators suggesting the economy is stabilising, the government continues to wrestle with a domestic property crisis, high youth unemployment, depressed private sector confidence and a slowdown in global growth.

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