China imploding, page-32

Looks like the 'rebound' (based on Beijing's official figures) was short-lived Mick.

The following is from the SMH (emphasis mine):

"The degree of disruption to the wider economy was underscored by China’s official purchasing manufacturers index (PMI) data released on Monday that showed its manufacturing sector is shrinking, with the PMI reading falling from 50.1 per cent to 48.7 per cent last month. Anything less than a reading of 50 says the sector is contracting.

The composite PMI, which includes both manufacturing and services, also indicated contraction, with the index falling from 50.6 per cent in September to 48.7 per cent last month as lower real estate and construction activity and weaker retail sales (in what has historically been a strong month for retail spending) impacted activity.

With COVID case numbers rising again and spreading through some of China’s key industrial centres this month economic activity might be even more severely impacted."

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