China’s purchasing managers’ index (PMI) for the non-manufacturing sector hit 56.3 percent in October, its highest level this year, the National Bureau of Statistics and the China Federation of Logistics and Purchasing said. The figure is up 0.9 point from September. A number above 50 suggests expansion. The new orders sub-index fell 1.1 points to 49.9 while the business expectations sub-index rose 0.4 point to 60.5.
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