TREE NEWS reports: China’s official composite PMI came in at 50.7 for September, up from 49.5 in the previous month, moving back above the 50 mark that separates expansion from contraction. The reading covers both manufacturing and non-manufacturing activity in the world’s second-largest economy.
China’s official composite PMI rises to 50.7 in September from 49.5
AI take
The return above 50 matters less as a level than as a signal that both manufacturing and non-manufacturing moved in the same direction after a sub-50 reading, since a composite can be dragged either way by a single weak component. For crypto and RWA markets, China's activity data feed into the global risk backdrop that has driven correlation with macro prints rather than sector-specific news. Whether the improvement holds in the next release, or proves a one-month bounce, is the open question.
Generated by AI for reference only.
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