BEIJING, Sept. 30 -- The Caixin General China Manufacturing Purchasing Managers' Index (PMI), an indicator of manufacturing activity, rebounded slightly to 50.1 in September from 50 in August, a private survey showed Friday.

A reading above 50 indicates expansion, while a reading below 50 represents contraction.

The reading indicates the economy is stabilizing, according to the survey conducted by financial information service provider Markit and sponsored by Caixin Media Co. Ltd.