BEIJING — Chinese production compromised in October, an authorities study revealed Monday, including to down pressure on the economy as the judgment Communist Party attempts to reverse a downturn.
A regularmonthly getting supervisors’ index decreased to 49.2 from September’s 50.1 on a 100-point scale where numbers listedbelow 50 suggest activity contracting, according to the federalgovernment data bureau and an authorities market group.
Measures of production, brand-new orders and work decreased, the National Bureau of Statistics and the China Federation of Logistics & Purchasing revealed.
The reading was in line with projections that financial development would deteriorate in late 2022 as international need for exports cooled