北京：中国官方调查显示，10月工厂活动意外收缩，为四个月来第三次萎缩，受累于出口及国内商品需求疲软。
BEIJING: China's factory activity unexpectedly dropped in October, its third contraction in four months, a government survey showed on Saturday (Oct 31), hurt by soft demand for exports as well as goods at home.
据国家统计局数据，官方制造业采购经理指数（PMI）从9月的50.1降至49.3，低于路透社调查预测的50.0。
The official manufacturing purchasing managers' index (PMI) fell to 49.3 from 50.1 in September, according to data from the National Bureau of Statistics. That missed a forecast for 50.0 from a Reuters poll.
由于9月提前下单的海外圣诞相关订单在10月降温，加之消费支出在10月第一周中国漫长的国庆假期期间攀升后迅速熄火，重回长期停滞状态，工厂活动随之走弱。
Factory activity weakened as overseas Christmas-related orders, which were front-loaded in September, cooled in October. It was also hurt when consumer spending, which climbed during China's long National Day holiday in the first week of October, fizzled out after, in a return to its long-stagnant state.
中国物流与采购联合会分析师张立群表示：“需求不足正加大经济下行压力”，并称决策者应严肃对待该问题，尽快加大政策力度。
"Insufficient demand is increasing downward pressure on the economy," said Zhang Liqun, an analyst with the China Federation of Logistics & Purchasing, adding that policymakers should take the problem seriously and step up measures as soon as possible.
10月新订单总量分项指数和新出口订单分项指数均维持在收缩区间。生产和采购活动也由扩张转为收缩。
Sub-indexes for new orders overall and for new export orders both stayed in contraction territory in October. Production and purchasing activity also slipped into contraction from expansion.
涵盖服务业和建筑业的非制造业PMI也从9月的50.2降至49.7。
The non-manufacturing PMI, which covers services and construction, also dropped to 49.7 from 50.2 in September.
该指数基于采购经理关于新订单、产出、就业等领域较上月是改善、恶化还是持平的报告编制而成。读数高于50表明扩张，低于50则表明收缩。
The readings are compiled based on purchasing managers' reports about whether conditions improved, worsened or were unchanged in areas such as new orders, output and employment compared with the previous month. A reading above 50 signals expansion, while one below 50 indicates contraction.
调查显示，制造业内部部分行业表现良好。铁路、船舶、航空航天设备，以及计算机、通信和电子设备制造业的生产和新订单分项指数均在53.0或以上。
Some sectors within manufacturing were doing well. Production and new orders sub-indexes for railway, shipbuilding, aerospace equipment, and computer, communications and electronics manufacturing were all at or above 53.0, the survey showed.
与AI相关的企业尤其报告了强劲的盈利增长。高速光模块制造商中际旭创（该公司产品用于连接AI数据中心内的服务器和交换机）第三季度净利润近乎翻了两倍。
AI-related firms in particular have reported strong earnings growth. Zhongji Innolight, a maker of high-speed optical modules that connect servers and switches in AI data centres, posted a near tripling in third-quarter net profit.
但疲软的国内市场和成本上升拖累了许多传统制造商和房地产关联企业。例如，定制家具制造商欧派家居第三季度净利润暴跌80%。
But the lacklustre domestic market and rising costs have weighed on many old-school manufacturers and property-linked firms. Custom furniture maker Oppein Home, for example, saw net profit plunge 80 per cent during the quarter.
不过，随着第三季度经济增长从4至6月的4.3%反弹至4.5%，预计中国经济将在无需额外刺激措施的情况下达到国家设定的全年4.5%至5.0%的增长目标。
China's economy is, however, expected to meet the country's 4.5-5.0 per cent annual growth target without additional stimulus measures after third-quarter growth rebounded to 4.5 per cent from 4.3 per cent in April-June.