China’s official manufacturing purchasing managers index (PMI), the bellwether of large industrial firms, was unchanged at 49.8 in October. The indicator has remained below 50 for three straight months since August, reflecting sluggish economic activities. While the PMI has stabilized, it is too early to confirm a bottoming out, says a research report by ANZ. […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.