Official PMI shows limited upturn, but economy still slows

The official manufacturing purchasing managers' index for China rose slightly in September, signaling the first upturn after four months of successive declines.

However, manufacturing activity contracted for a second straight month, indicating that the economy is still slowing.

China's PMI rose to 49.8 in September from 49.2 in August, according to the National Bureau of Statistics and the China Federation of Logistics and Purchasing on Monday.