Tag: China factory activity grows for first time in six month

China's factory activity in September recorded its first expansion in six months, an official survey said Saturday, providing another sign that the world's second-largest economy is gradually improving following its post-pandemic malaise. According to the government statistics bureau and an official industry group, the monthly purchasing managers' index rose to 50.2 this month from 49.7 in August measured on a 100-point scale. Numbers above 50 indicate activity is increasing. Measures of production, new orders and employment all rose from August, the National Bureau of Statistics and the...