China Oct. manufacturing PMI retreats: NBS

Chinese manufacturing business activity waned slightly in October but it was still generally expanding, official data showed on Saturday.

The manufacturing purchasing manager's index (PMI), a key measure of factory activity in China, posted at 50.8 in October, down 0.3 percentage points from September, according to the data released by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing.

A reading above 50 indicates expansion, while a reading below 50 represents contraction.