China PMI rises to 50.1 in September, ending contraction streak

China's official manufacturing purchasing managers' index (PMI) increased to 50.1 in September from 49.8 in August, signaling growth after two months of contraction. The non-manufacturing PMI also improved, climbing to 50.2, reflecting a rebound in service sector activity. These shifts follow new fiscal and monetary measures aimed at stimulating economic growth, including mortgage subsidies and increased bank lending for infrastructure. Analysts expect these actions to help China achieve its full-year growth target of 4.5%-5%. This matters for investors as it indicates potential stability and slight recovery in China's economic activity, impacting global supply chains.

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