Reported 8 days ago
China's manufacturing sector experienced a significant contraction in September, as indicated by the Caixin/S&P Global manufacturing PMI, which dropped to 49.3 from 50.4 the previous month. New domestic and international orders weakened, leading to decreased confidence among factory owners, which now sits at near-record lows. This slowdown in demand prompted Chinese authorities to announce stimulus measures aimed at revitalizing economic growth as they face challenges from external pressures and tariff hikes.
Source: YAHOO