China's National Bureau of Statistics (NBS) said October manufacturing PMI fell
to 49.3%, down 0.8 percentage points month-on-month, indicating a pullback in
manufacturing activity. By scale, large firms' PMI was 50.2%, down 0.4
percentage points and still above the 50 expansion threshold; medium and small
firms' PMIs were 48.4% and 47.5%, down 1.3 and 1.4 percentage points
respectively, both below 50.