The purchasing manager's index reached the highest level in October since January 2011.

It's just the latest sign off a recovering economy in the Asian powerhouse.

Another well, the return off business in Wuhan, the central Chinese city where the outbreak began.

Take a look.

Social distancing rules are out clubbing back in the mood on Wuhan streets, also optimistic.

There are no more problems in Wuhan.

Everything's under control, a message Beijing is eager to spread, especially as Europe locks down in cases rise again in the US, new figures increasingly support that message.

The Chinese economy is growing again.

Exports are rising on domestic consumption, is trying to pick up the slack in overseas demand.

Businesses say they're seeing the revival firsthand.

Build a Home owns one of the city's most popular restaurants.

WAY started to ease the lock down on April 8th, but the customers weren't there.

It was only in May, when everyone was tested that people and family started going out because everyone was reassured way.

But China's approach is hardly do clickable.

Beijing's one party rule and its massive mobilization make it an anomaly amongst large economies, even if its rebound is enviable.

Well, for more, I'm joined by our financial correspondent contribution in Frankfurt.

Conrad.

The data from China certainly is going down well after a dismal week, isn't it?

Absolutely, Monica, after the German index, Dax lost nearly 10% in the course of the month of October.

This data from China is really taken by investors as a injection off optimism.

I would say it's really causing a rebound on the market here, but at the same time, you know, as all over Europe, new lockdowns, at least partial lockdowns are being introduced.

There's also a lot of discussion on the trading floor.

How good is it?

And how long can Germany's economy continue to rely so much on China?

So a little bit of optimism there from China.

But the focus this week certainly isn't on China.

Absolutely.

The number one topic this week, also on the European trading floors, is theoretician in the United States.

Generally speaking, investors at the moment really don't want to have too many risky trades open.

They prefer to stay on the sidelines, sit on the fence and as Donald Trump would say, See what happens?

Um, and not only till Wednesday.

You know, this'll election in the U.

S.

Is going to be one of the most contested ones ever.

It's going to take a while until markets can concentrate on economic aspect off.

What's going on in America again?

Alright, Conrad in Frankfurt.

Thank you so much.