BEIJING (AP) — China’s factory activity contracted in October as new export orders softened, reversing the previous month’s rebound.

The world’s second-biggest economy has been facing pressure from trading partners to rebalance trade as its trade surplus with many countries balloons.

Data released on Saturday by the National Bureau of Statistics showed that China’s official manufacturing purchasing managers’ index fell to 49.3 in October, compared with 50.1 in September and 49.8 in August.

The PMI is based on a monthly survey of companies and measured from 0 to 100. Readings below 50 indicate contraction while readings above 50 reflect expansion.

Several key subindexes were also in contraction territory in October, including new export orders, which fell to 48.7 from 50.0 in September.…