China economy: Manufacturing activity rises in September - Business Insider

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China's manufacturing activity surges in September, affirming its path to economic recovery

China's economic growth hit a three-decade low in 2018, adding to pressure on Beijing to beef up stimulus measures and settle a tariff war with Washington.The official China Manufacturing Purchasing Managers Index rose to 51.5 in September, from 51 in August. Manufacturing activity remained strong ahead of the week-long Golden Week national holiday that starts on Thursday.

The official China Manufacturing Purchasing Managers Index rose from 51 in August to 51.5 in September, beating analyst estimates. A PMI reading of 50 is the separation point between contraction and expansion.UBS says the chances of a Democratic sweep have risen to 50% as Trump and Biden square off in their first debate. These 9 assets will help investors profit if a blue wave comes crashing in.

Manufacturing remained high ahead of the week-long Gold Week national holiday, which starts this Thursday in China. The Caixin/Markit PMI, a private manufacturing activity also released on Wednesday, tipped slightly lower but still stood well above expansion territory, with a reading of 53 in September versus 53.1 in August.JPMORGAN: The best defenses against stock-market crashes are delivering their weakest results in a decade. Here are 3 ways to adjust your portfolio for this predicament

 

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