China's manufacturing activity remained steady in September, data showed Wednesday, a sign that economic growth is stabilizing.
The official Purchasing Managers' Index (PMI) came in at 51.1, unchanged from August and a tad higher than Reuters' expectations or 51.0. The reading also remained above the 50-mark which separates expansion from contraction.
Markets showed limited reaction to the news, with both Shanghai and Hong Kong closed for a public holiday. The Australian dollar also shrugged off the data.
The data follows the HSBC final PMI, released Tuesday, which was unchanged from the month before at 50.2.
The world's second-largest economy has shown signs of sluggishness in recent months, especially in credit inflows and its key property sector. Beijing has responded with a drip feed of measures to support the economy.
On Tuesday, the People's Bank of China and China Banking Regulatory Commission announced measures to support housing sales and increase lending to cash-strapped property developers.