China manufacturing shrinks for 11th month: report

NEW YORK (MarketWatch)
Chinese manufacturing contracted in September for an 11th month, according to a purchasing manager's index from HSBC Holdings Plc and Markit Economics, reports said
The index found overall factory activity shrank last month, even though the 47.9 final level was just ahead of the initial projection of 47.8
Readings above or below 50 separate expansion from contraction
"Beijing should step up easing to support growth and employment," HSBC's chief economist in Hong Kong, said in a statement released late Friday, according to reports.