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02 Oct 2023
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Tan Kin Lian - Investment Journey
China's economy is recovering
China's economy has bottomed. I have a large portfolio of China stocks. It was struggling during the past six months. Maybe, it will turn around today.
Reuters China
BEIJING, Sept 30 (Reuters) - China's factory activity expanded for the first time in six months in September, an official survey showed on Saturday, adding to a run of indicators suggesting the world's second-largest economy has begun to bottom out.
The purchasing managers' index (PMI), based on a survey of major manufacturers, rose to 50.2 in September from 49.7, according to the National Bureau of Statistics, edging above the 50-point level demarcating contraction in activity from expansion. The reading beat a forecast of 50.0.
Tan Kin Lian
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