China's manufacturing sector experienced a 1.3% revenue increase in October, driven by high-tech growth.

In October, China's manufacturing sector saw a 1.3% increase in sales revenue, marking a 2.2 percentage point rise from September. High-tech and equipment manufacturing drove this growth, with increases of 8.9% and 5.1%, respectively. The easing of housing purchase restrictions boosted property transactions in cities like Beijing and Shanghai, while government programs enhanced retail sales, particularly for TVs and refrigerators. Overall, market confidence appears to be improving.

November 07, 2024
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