China’s October PMI spurs cautious optimism  

10月PMI數據令分析人士對中國經濟前景謹慎樂觀

1日中國官方公布的10月PMI(中國采購經理人指數)重新攀升至50的榮枯線上方，高于上月0.4個百分點；同期公布的被認為側重于中國中小企業的匯豐版10月份PMI，也回升至8個月高點。此間分析人士認為，這表明中國整體制造業活動開始出現擴張的勢頭。

Shanghai (CNS) -- The twin reading of the official Purchasing Managers' Index (PMI) and the HSBC Manufacturing PMI for October released on Thursday shows that an expanding trend has started in China's manufacturing activity, experts say.

China's October PMI was reported to be higher than the 50-point level, 0.4 percent higher than last month, while the HSBC PMI index rose to an eight-month high.

The signs of economic revival are clear, said Liu Ligang, chief economist at Australia and New Zealand Banking Group for the Greater China Region. Infrastructure construction approved by the government since May has had an effect on the macro-economy, he added, saying that if the upward trend continues, China's economy would rebound in the fourth quarter.

An economic rebound may occur in the fourth quarter, but with limitations, said Xie Dongming, an economist at Oversea-Chinese Banking Corporation in Singapore.

Qu Hongbin, HSBC's chief economist for China, said it implies that China's industrial activity continues to bottom out following a modest pick-up last month. The loosened policy is expected to continue and China's economy may revive moderately in the following quarters, he added.