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Chinese manufacturing expands in September
The purchasing managers' index (PMI) for the mainland’s manufacturing sector stood at 50.1 in September, up 0.3 percentage points from the previous month, official data showed on Wednesday. A reading above 50 indicates expansion, while below the 50-point mark reflects contraction. The PMI for large enterprises stood at 50.6, while that for medium and small enterprises came in at 49.7 and 48.9, respectively, according to data released by the National Bureau of Statistics. The production index stood at 51.7, an increase of 1.3 percentage points from last month, suggesting accelerated activity in the manufacturing sector. The new order index was 50.5, down 0.1 percentage point from August. Huo Lihui, a chief statistician with the National Bureau of Statistics, said the manufacturing PMI returned to expansion in September. Huo said among the 21 industries surveyed, 12 recorded a PMI above the threshold – an increase of four from the previous month, showing improvements in the manufacturing sector. Official data also showed the PMI for the mainland’s non-manufacturing sector came in at 50.2, up 1.2 percentage points from last month. The composite PMI output index was 50.7, indicating expansion in production and business activities compared to the previous month. (Additional reporting from Xinhua) Edited by Tony Sabine
Beijing warns of retaliation if Europe imposes curbs on Chinese businesses
China must "respond firmly" if the EU introduces restrictions on Chinese businesses or products, the Commerce Ministry said, according to a CNBC translation.
Mainland shares open higher while HK stocks slip
Mainland stocks made modest gains on Wednesday, finding some support from Beijing's latest package of targeted credit-easing measures which were announced late on Tuesday. The benchmark Shanghai Composite Index was up 0.23 percent to open at 3,839 points while the Shenzhen Component Index opened 0.44 percent higher. Among the measures announced, the People's Bank of China said it would cut the interest rate on its one-year pledged supplementary lending (PSL) facility by 25 basis points to 1.5 percent from 1.75 percent to fund investment in water, power grid, computing, telecommunications and other infrastructure projects. In Hong Kong, the Hang Seng Index fell 129 points, or 0.53 percent, to open at 24,393. (Reuters/Xinhua) Edited by Tony Sabine
Paris Fashion Week: Best of Matières Fécales, Saint Laurent, Dior and Maison Margiela for SS27
Paris Fashion Week is under way in the French capital, where powerhouses ranging from Chanel to Louis Vuitton and Dior are showcasing their spring/summer 2027 collections. The blockbuster show of day one was undoubtedly Matières Fécales, the label that went viral earlier this year for designing one of Zendaya’s most talked-about red carpet looks. Held in the Place de la République and named The Ninety-Nine Percent (a follow-up to last season’s The One Percent), the label’s spring/summer 2027...
At 52, how Hong Kong skateboarder Julius Brian Siswojo is redefining ageing and longevity
Julius Brian Siswojo is as well known for co-founding Hong Kong’s pioneering hip-hop group 24Herbs as he is for championing skateboarding in the city. Having been “on the deck” – skateboarding, for the uninitiated – since 1988, the 52-year-old is acutely aware of the negative stereotypes associated with the culture: rebellious youths causing trouble in the streets late at night. But Siswojo, who says he does not drink, smoke or touch drugs, stays focused on a healthy lifestyle – not just for...
China has three new criteria for humanoid robot IPOs. Few, if any, meet them
China's securities regulator is raising the bar for public listings of humanoid robot startups with three specific criteria, according to three sources.
33 Things That Won't Take Up Much Room In Your Carry-On Bag, But Will Make A Big Difference On Your Trip
Blesssss these cheap noise-canceling alternatives to AirPods for letting you watch yet another Avengers movie on a flight instead of listening to your seatmates argue about their trip. View Entire Post ›
The art before the boil
[The content of this article has been produced by our advertising partner.] A lobster rises from a bank of ice, its long antennae reaching towards a golden deer. Cranes spread their wings behind it, while neat towers of shaved ice hold portions of seafood waiting for the pot. For a few minutes, at least, dinner looks almost too carefully arranged to disturb. This is postured hot pot, Chef Ye Hui’s speciality at Enchanté, MGM Macau’s Chinese private-dining restaurant. Ingredients that might...
China says reported European '301' tool typical act of protectionism
China on Tuesday said a reported tool being pushed by some European Union member states is a typical example of protectionism and unilateralism that would disrupt China-EU trade as well as the stability of global industrial and supply chains.
A.I. Is ‘Better Informed’ Than Doctors, Kennedy Tells Industry-Backed MAHA Summit
The health secretary, Vice President JD Vance and other top officials addressed a conference sponsored by corporations, including A.I. companies and others with business before the government.