Caixin China Composite PMI™ data (which covers both manufacturing and services) signalled increased Chinese business activity for the seventh successive month in September. However, at 51.4 in September, down from August’s 51.8, the Composite Output Index indicated that the rate of expansion slowed to a three-month low. Latest survey data pointed to further growth of both manufacturing and service sector output at the end of the third quarter. That said, the degree to which manufacturers raised production was the slowest in three months and only marginal. At the same time, growth in service sector business activity ... (full story)