AI Data Insight
According to the latest data, China's manufacturing production and business activity expectation index for the fourth quarter of 2026 dropped to 53.4 from 53.8 in the previous quarter. Affected by the early overdraft of demand prior to the "National Day" long holiday and sluggish domestic demand recovery, the overall manufacturing PMI unexpectedly fell below the boom-or-bust line. Going forward, close attention must be paid to whether official fiscal stimulus policies can effectively boost domestic demand and reverse the conservative expectations of enterprises.