Non-manufacturing sector growth up in Oct

%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20Purchasing%20Managers%20Index%20of%20China%27s%20non-manufacturing%20sector%20was%2055.5%20percent%20in%20October%2C%20up%201.8%20percentage%20points%20from%20September%2C%20new%20data%20has%20showed.%26nbsp%3B%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20PMI%2C%20a%20key%20economic%20indicator%2C%20was%20released%20by%20the%20China%20Federation%20of%20Logistics%20and%20Purchasing%20on%20Saturday.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20relatively%20high%20figure%20can%20boost%20market%20confidence%20and%20contribute%20to%20a%20foundation%20for%20stable%20economic%20growth%2C%20said%20Cai%20Jin%2C%20CFLP%20vice%20chairman.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20reading%20was%20the%20same%20as%20that%20in%20October%20last%20year.%20In%20the%20past%2012%20months%2C%20the%20September%20reading%20of%2053.7%20percent%20was%20the%20lowest%20and%20the%20March%20reading%20of%2058.0%20percent%20was%20the%20highest%2C%20according%20to%20the%20CFLP%20figures.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EA%20PMI%20reading%20above%2050%20percent%20indicates%20expansion%20from%20the%20previous%20month%2C%20while%20readings%20below%20this%20indicate%20contraction.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20index%20for%20new%20orders%20dropped%200.2%20percentage%20points%20to%2051.6%20percent%2C%20indicating%20continued%20market%20growth%20but%20with%20a%20slight%20slowdown.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EGrowth%20in%20the%20construction%20sector%20gained%20pace%2C%20with%20its%20figure%20at%2060.2%20percent%2C%20up%202.2%20percentage%20points%20from%20September.%20The%20index%20for%20the%20service%20sector%20was%2054.4%20percent%2C%20up%201.8%20percentage%20points%20from%20the%20previous%20month.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EOnly%20the%20wholesale%20and%20the%20air%20transportation%20sectors%20showed%20indexes%20under%20the%20critical%20point%20of%2050%20percent.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThese%20figures%20followed%20Thursday%27s%20manufacturing%20sector%20PMI%2C%20which%20rose%20to%2050.2%20percent%20from%2049.8%20percent%20in%20September%2C%20just%20above%20the%2050-percent%20figure%20that%20demarcates%20expansion%20from%20contraction.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20country%27s%20economic%20growth%20slowed%20to%20an%20annual%20rate%20of%207.4%20percent%20in%20the%20third%20quarter%20of%202012.%20However%2C%20September%20data%20indicated%20a%20pick-up%20in%20economic%20activity.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20government%20has%20rolled%20out%20an%20array%20of%20measures%20this%20year%20to%20buoy%20the%20slowing%20economy%2C%20including%20two%20cuts%20to%20benchmark%20interest%20rates%2C%20the%20easing%20of%20bank%20reserve%20requirements%20and%20the%20approval%20of%20infrastructure%20projects%20worth%20more%20than%201%20trillion%20yuan%20%28%24157.73%20billion%29.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20central%20bank%20on%20Friday%20vowed%20to%20keep%20the%20monetary%20environment%20stable%20in%20the%20coming%20months%20as%20the%20country%27s%20economic%20structure%20is%20evolving%20toward%20the%20anticipated%20direction.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%3CBR%3E%28Tianjin%20Commission%20of%20Commerce%29%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%3CBR%3E%3C/FONT%3E%26nbsp%3B%3C/P%3E