Economics

China Factory Gauge Rises as Global Recovery Buoys Manufacturing

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A gauge of China’s manufacturing rose last month as a global recovery helps the nation’s factories, underpinning an economy weighed by a property slump.

The Purchasing Managers’ Index from HSBC Holdings Plc and Markit Economics for October was at 50.4, unchanged from the preliminary figure and up from September’s final reading of 50.2. Numbers above 50 indicate expansion.