China to Release September Official Manufacturing and Non-Manufacturing PMI at 09:30 Beijing Time

As the first official read on September activity, these PMIs set the tone for how China's growth momentum is being assessed going into the next data releases. The split between manufacturing and non-manufacturing matters most, since it indicates whether any softness is concentrated in factories or is broader. For crypto and RWA markets, the transmission runs through global risk appetite and commodity-linked sentiment rather than any direct channel. Whether the services gauge holds up relative to manufacturing is the open question.