China's PMI returned to expansion in October
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The news: China's manufacturing and non-manufacturing activity expanded in October, following a raft of economic stimulus measures announced last month, Reuters reported.
The numbers: China's official purchasing managers' index (PMI) rose from 49.8 in September to 50.1 in October, taking the score above the 50-point mark that separates growth from contraction. It marked the first monthly PMI expansion since April.
Meanwhile, the official non-manufacturing PMI, which includes services and construction, edged up from 50 in September to 50.2 in October.
The context: Last month China's central bank released a slate of policy measures in a push to hit this year's 5% growth target.
Chinese policy leaders pledged "necessary fiscal spending", vowing to stabilise the property sector and support fiscal spending to counter the slowdown in the world's second largest economy.
