China’s official purchasing manufacturing managers’ index (PMI) remains constant at 51.1 in September over the previous month, according to data released by China’s National Bureau of Statistics.
New order index declined 0.3 percentage points to 52.2 from August’s 52.5, but the production index is ratcheted up by 0.4 percentage points to 53.6.
China is still grappling with challenges such as shadow banking activities, continued weakness in the property market and rising credit risks in the commodity sector, says a report by ANZ.
"However, the Chinese authorities will remain proactive to arrest the slowing momentum. Indeed, China’s central bank relaxed property policies yesterday, signalling that the Chinese authorities are still keen on delivering decent growth," according to the report.
