The manufacturing sector is shrinking unexpectedly and the services sector is missing estimates

Some unexpected data from China. According to official purchasing managers’ indices, factory activity fell again in October, while expansion in the services sector slowed. Robin Xing, chief China economist at Morgan Stanley, discusses what the latest numbers say about the health of the world’s second-largest economy and the government’s policies. He speaks with David Ingles and Yvonne Man on “Bloomberg Markets: China Open.”