Activity in China's manufacturing sector expanded at the fastest pace in more than two years in October, adding to views that the world's second-largest economy is stabilizing thanks to a construction boom.
The official Purchasing Managers' Index (PMI) stood at 51.2 in October, compared with the previous month's 50.4 and above the 50-point mark that separates growth from contraction on a monthly basis.
The reading was stronger than economists had expected and the highest since July 2014. Analysts polled by Reuters had predicted a reading of 50.4, pointing to more modest growth.
