In October this year, the China Caixin Manufacturing Purchasing Managers Index (PMI) indicated a final reading of 51.0, remaining stable compared to the final reading for September, as announced by Beijing-based Caixin media group.
Zhong Zhengsheng, chief economist with China Economic and Business Monitor (CEBM), part of Caixin Insight Group, commented that production cuts due to strict environmental protection measures as well as relatively low inventory levels have increased the cost pressure on downstream manufacturers, which could have a negative impact on production in the coming months.
Meanwhile, as announced by China's National Bureau of Statistics (NBS), the purchasing managers' index (PMI) for China’s manufacturing sector was at 51.6 percent in October, down 0.8 percentage points compared to the previous month.