A woman works in a Macintosh boot factory in Lin’an, located in the east China province of Zhejiang.
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A private survey showed October factory activity in China expanded at its quickest pace since February 2017.
The Caixin/Markit manufacturing Purchasing Managers’ Index (PMI) came in at 51.7 for the month of October as production and new orders both expanded at a faster pace, with a “renewed increase in export business,” according to a joint press release by Caixin and IHS Markit on Friday.
Analysts polled by Reuters had expected the PMI number to come in at 51.0 from 51.4 for September.
PMI readings above 50 indicate expansion,…