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China's October PMI remains strong, but cracks appearing

Beijing has been clamping down on overcapacity in the steel, cement and glass sectors while reducing credit for some firms

Published Fri, Dec 1, 2017 · 09:50 PM

China

Beijing

CHINA'S manufacturing sector performed well in October but a divergence in two sets of purchasing managers' indices (PMIs) point to increasing difficulties for some firms as China cracks down on polluting industries, informal lending and a structural property bubble.

China's official PMI published by the National Bureau of Statistics on Thursday surprised on the upside and came in at 51.8 against 51.6.

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