China’s October PMI spurs cautious optimism  

10月PMI数据令分析人士对中国经济前景谨慎乐观

1日中国官方公布的10月PMI(中国采购经理人指数)重新攀升至50的荣枯线上方，高于上月0.4个百分点；同期公布的被认为侧重于中国中小企业的汇丰版10月份PMI，也回升至8个月高点。此间分析人士认为，这表明中国整体制造业活动开始出现扩张的势头。

Shanghai (CNS) -- The twin reading of the official Purchasing Managers' Index (PMI) and the HSBC Manufacturing PMI for October released on Thursday shows that an expanding trend has started in China's manufacturing activity, experts say.

China's October PMI was reported to be higher than the 50-point level, 0.4 percent higher than last month, while the HSBC PMI index rose to an eight-month high.

The signs of economic revival are clear, said Liu Ligang, chief economist at Australia and New Zealand Banking Group for the Greater China Region. Infrastructure construction approved by the government since May has had an effect on the macro-economy, he added, saying that if the upward trend continues, China's economy would rebound in the fourth quarter.

An economic rebound may occur in the fourth quarter, but with limitations, said Xie Dongming, an economist at Oversea-Chinese Banking Corporation in Singapore.

Qu Hongbin, HSBC's chief economist for China, said it implies that China's industrial activity continues to bottom out following a modest pick-up last month. The loosened policy is expected to continue and China's economy may revive moderately in the following quarters, he added.