China's manufacturing sector expanded in October at its weakest pace in more than two years on the back of slowing in domestic and overseas demand, signaling strong and deep cracks in the economy from intense trade war with the United States.
Concern about China's sluggish growth and its impact on the global economy has affected financial markets. The results of the official manufacturing PMI may put more pressure on investors in the coming months.
The official PMI, which gives investors their first view of China's business conditions at the start of the fourth quarter, fell to 50.2 points in October, the lowest since July 2016, down from 50.8 in September.
The recent reading suggests a further loss of momentum in the world's second-largest economy, and the deteriorating environment of companies could support more policies in China at the top of the latest set of actions.
