China’s Caixin production PMI falls into contraction in October

A personal gauge of China’s manufacturing unit job fell into contraction in October, suggesting persisted financial headwinds in spite of Beijing’s fresh efforts to shore up expansion.

The Caixin production buying managers index fell to 49.5 in October from 50.6 in September, falling into contractionary territory for the primary time in 3 months, in keeping with information launched Wednesday via Caixin Media Co. and S&P International. The 50-mark separates growth from contraction.

Overall…