The semi-official PMI from the China Federation of Logistics and Purchasing (CFLP) and the National Bureau of Statistics (NBS) came in at 50.4 in September, unchanged from last week and as expected. It follows the 50.1 reading on the Caixin PMI on Friday, with both surveys pointing to a mild recovery in the country's vast manufacturing sector and continued buoyancy in non-manufacturing and adding to expectations third-quarter economic growth will meet forecasts.
"Overall, market demand was stable, market expectations were stable, and business activities were stable after August's recovery," Zhang Liqun, a government economist who advises the CFLP, said in a statement accompanying the release.
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