New export orders for Chinese manufactured goods have shrunk for four consecutive months amid a relatively sluggish global economic climate.
Meantime, new order growth slowed for two months in a row.
“Overall, manufacturers were not in high spirits in October,” said Wang Zhe, an economist at Caixin Insight Group.
“The economy has showed signs of bottoming out, but the foundation of recovery is not solid. Demand is weak, many internal and external uncertainties remain, and expectations are still relatively weak.”
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