Mint Quick Edit | China's economy is in trouble but there's one clear way to skin this cat
New Delhi, Oct. 1 -- China's manufacturing activity resumed expanding in September after two months of contraction, but this mild recovery still paints an unimpressive picture of the country's once-booming economy.
The purchasing managers' index (PMI) for the sector went into expansion by a mere whisker, rising to 50.1 from 49.8 in August. A reading below 50 means a contraction.
That the main engine of what's widely called the world's factory is barely growing underscores the economy's troubles. Domestic consumption has been weak amid a property market slump that has trapped household wealth.
While Beijing's stimulus measures announced this week (including mortgage subsidies for home buyers) could help, it's unclear what a revival woul...
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