BEIJING—China’s manufacturing sector in October expanded at its weakest pace in over two years, hurt by slowing domestic and external demand, in a sign of deepening cracks in the economy from an intensifying trade war with the United States.
Anxiety about China’s cooling growth and its likely drag on the global economy have vexed financial markets recently, and the official Purchasing Managers’ Index (PMI) on Oct. 31 indicates more stress for investors through coming months.
