中国10年期政府债券收益率升至2.15%左右，连续第二个交易日上涨，达到三周高点。周四，官方数据显示，制造业活动自4月以来首次扩张，从上月的49.8增至10月的50.1，略高于预期的50。这一发展表明，近几个月来面临挑战的制造业情绪发生了重大转变。与此同时，服务业活动略有上升，从9月份的50上升到10月份的50.2。然而，这一数字低于预期的50.4，表明虽然有改善的迹象，但可能不足以支持更广泛的经济复苏。交易员们现在非常关注即将于11月4日至8日举行的全国人民代表大会会议，以了解可能影响经济的预期财政支持措施。

China's 10-year government bond yield rose to around 2.15%, marking its second consecutive session of gains and reaching a three-week high. On Thursday, official data revealed that manufacturing activity saw its first expansion since April, increasing to 50.1 in October from 49.8 in the previous month and slightly exceeding expectations of 50. This development signals a significant shift in sentiment for the manufacturing sector, which has faced challenges in recent months. Meanwhile, services activity saw a modest rise, moving to 50.2 in October from 50 in September. However, this figure fell short of the expected 50.4, indicating that while there are signs of improvement, it may not be sufficient to bolster a broader economic recovery. Traders are now keenly focused on the upcoming National People’s Congress meeting, scheduled for November 4-8, for insights into expected fiscal support measures that could impact the economy.