The latest data out of China is sending mixed signals about its economy.
Factory activity picked up slightly in September but still remained in contraction. The official Purchasing Manager Index, or PMI, stood at 49.8, higher than that for August. It was a reversal from two months of decline in a row. A reading above 50 indicates expansion.
Meanwhile, a private survey focusing on small and medium sized manufacturers, came in lower than August.
And it’s the seventh month the data stays below the 50 threshold.
For more on China’s economy, CCTV America sopke to Carsten Holz, Professor of Social Sciences at Hong Kong’s University of Science & Technology.