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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

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Published Fri, Dec 1, 2017 · 09:50 PM

    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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