Story perspectives

China's PMI Drops to 49.0 Amid Trade Tensions

10/31/2025

50 8

Summary

Story summary

China's official PMI for October fell to 49.0, a seventh straight contraction signaling weak factory activity.
The decline reflects softer export orders amid ongoing U.S.-China trade tensions and weak domestic demand.
Analysts say a trade truce between U.S. President Donald Trump and Chinese President Xi Jinping may provide relief.
China's economy grew 4.8% in the third quarter, heightening concerns about external demand and the need for policy support.

1 of 1

Story summary

China's official PMI for October fell to 49.0, a seventh straight contraction signaling weak factory activity.
The decline reflects softer export orders amid ongoing U.S.-China trade tensions and weak domestic demand.
Analysts say a trade truce between U.S. President Donald Trump and Chinese President Xi Jinping may provide relief.
China's economy grew 4.8% in the third quarter, heightening concerns about external demand and the need for policy support.