China's factory activity extends solid growth in Sept, new export orders surge: Caixin PMI

This undated photo shows a worker working at a machinery manufacturing plant in Qingzhou, Shandong province.- China Daily/ANN

BEIJING: Activity in China's factories extended solid growth in September as payrolls expanded for the first time this year and overseas demand surged, a private survey showed on Monday, adding further momentum to an economy recovering from the coronavirus crisis.

The Caixin/Markit Manufacturing Purchasing Managers' Index(PMI) barely budged from the previous month, down fractionally to 53.0 from August's 53.1, with the gauge staying above the 50-level that separates growth from contraction for the fifth consecutive month.