
Chinese shares are poised to enter a bull market following the introduction of new property easing measures by authorities. This development comes despite China's factory activity contracting for the fifth consecutive month in September, signaling ongoing economic weakness. The property stocks gauge in China jumped 11% in response to the easing measures. While the contraction in manufacturing activity was less than expected, it still marks a continued decline in the sector.
China’s factory activity contracted for a fifth straight month in September, a further sign of economic weakness https://t.co/514HtHA2ga
China's factory activity contracts less than expected in September https://t.co/RaThlXwIpk
LATEST: Chinese shares look poised to enter the bull market, after authorities rolled out fresh property easing steps https://t.co/GZkVpa0GEa