TREE NEWS reports: China’s official manufacturing PMI rose to 50.1 in September and the non-manufacturing PMI to 50.2, both back in expansion territory, while the RatingDog manufacturing PMI climbed to 52.1, a five-month high, with services accelerating for a second month. In Hong Kong, the Hang Seng slipped 0.04% and the Hang Seng Tech Index fell 0.15% at midday, as the Shanghai Composite added 0.27% led by drugmakers.
China Sept Manufacturing PMI 50.1, Non-Manufacturing 50.2
AI take
The significance lies in the divergence: official gauges sit barely above the 50 line while the private RatingDog reading points to firmer momentum, a gap that has repeatedly muddied the read on Chinese demand. For crypto and RWA markets, China data matters mainly through the risk-appetite channel, and the muted Hong Kong tech tape suggests equities are not treating the beat as a decisive turn. Whether the private-official gap narrows, and whether mainland strength broadens beyond drugmakers, is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
10m ago
Moutai’s iMoutai App and 43 Self-Operated Stores to Close Oct 6 for Maintenance
24m ago
Vanke A Shares Jump Over 7% in Afternoon Trade, Turnover Tops 4.4B Yuan
40m ago
Shanghai and Shenzhen Stock Turnover Tops 1 Trillion Yuan
49m ago
Xu Zhijun Becomes Huawei Rotating Chairman From Oct 1
50m ago
Magnitude 6.0 Earthquake Strikes Off Japan’s Yonaguni Island
57m ago
SK Energy Tenders to Buy Middle East Crude for November-February Loading