A case of bad news is good news perhaps? The more Beijing will push for stimulus.

Or maybe they already knew these figures were going to be on the weak side, which is why we're seeing such policies being enacted in the past week.

Private survey shows China's manufacturing activity slipped into contraction in Sept, services activity expanded slower pace.

Caixin manufacturing PMI at 49.3, lowest since Aug 2023, vs prev 50.4.
Caixin services PMI at 50.3, lowest since Oct 2023, vs prev 51.6