China factory bottle
China's factory activity slipped into restrictive territory in October, reversing a small expansion.
  • China's economy has stumbled since coming out of the country's COVID-19 lockdown late last year. 
  • Factory activity declined in October, while foreign investment tumbled 34% in September.
  • Experts say the nation is at risk of a debt-deflation crisis that could produce a "lost decade" for its economy. 

Data from September and October show China's economy stumbling further, with factory activity falling and foreign investment seeing a significant decline. 

Factory activity dropped through the month of October, with China's manufacturing purchasing managers' index falling to restrictive territory at 49.5. That's a reversal from a slight expansion seen during the month of September, when factory activity clocked in at 50.2.