China International Political Economy

China Federation of Logistics and Purchasing announced that the official China Purchasing Managers Index (PMI), covering manufacturing activity in the Chinese economy, rose to 55.2 in October according to Dow Jones.

The increase marks a gain from a reading of 54.3 in September and accounts for the eight consecutive month showing a reading above 50, which indicates that the manufacturing sector in the Chinese economy is expanding.

Another PMI reading, the HSBC China PMI, also rose to 55.4 in October from last months 55.0.