• Manufacturing activities in China increased to a seven-month high in October: HSBC. • The HSBC Flash Manufacturing PMI for October rose to 50.9. • The October figure further confirmed a gradual recovery in the world’s second-largest economy. BEIJING, Oct. 24 (Xinhua) — Manufacturing activities in China increased to a seven-month high in October, according to HSBC’S preliminary purchasing managers’ index (PMI) on Thursday. The HSBC Flash Manufacturing PMI for October rose to 50.9. The reading compared with a final recording of 50.2 for September, HSBC said in a report. The 50.9 figure is the highest since April. The October figure, the earliest reading of China’s monthly economic performance, further confirmed a gradual recovery in the world’s second-largest economy. Qu Hongbin, chief China economist with HSBC, said the country’s growth recovery was becoming consolidated into the fourth quarter. The momentum is likely to continue in the coming […]