21 February 2020

China business sentiment rebounds, paper says

Mainland business sentiment rebounded in October and returned to stable growth as more new orders strengthened production, Shanghai Daily reported Wednesday, citing a Market News International report. The monthly MNI China Business Indicator rose to 55.3 in October from 51.8 in September, the first monthly increase in two months, the financial news service said. A reading above 50 indicates expansion. September’s fall to the lowest for a year followed a strong rise in August, the report said.

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