China industrial profits jump 24% in biggest gain since 2013

China October official factory PMI falls more than expected to 51.6

International News

The official Purchasing Managers’ Index (PMI) released on Tuesday stood at 51.6 in October, compared with 52.4 in September It was the lowest reading since July’s 51.4, but remained well above the 50-point mark that separates growth from contraction on a monthly basis.
Analysts surveyed by Reuters had forecast the reading would come in at 52.0, easing marginally from a more than five-year high in September but still well above the recent trend.A recovery for China’s manufacturing and industrial firms — boosted by government spending, a resilient property market and unexpected strength in exports — has helped the economy post better-than-expected growth of nearly 6.9 percent through the first nine months of this year.