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Manufacturingcontraction

All articles tagged with #manufacturingcontraction

economy2 years ago•4 min saved

"China's Factory Sector Contracts for Third Consecutive Month Amid Economic Challenges"

China's manufacturing sector experienced its third consecutive month of contraction in December, with the official purchasing managers index (PMI) dropping to 49, indicating sluggish demand and a sluggish economy. Despite government efforts to stimulate growth through increased spending, interest rate cuts, and easing property curbs, global demand remains weak, affecting supply chains across Asia. While manufacturing struggles, China's non-manufacturing PMI saw a slight increase, and the construction industry showed growth, suggesting a mixed economic picture as the country transitions from its pandemic response.

via The Associated Press|

##chinaeconomy #chinesepmi

economy2 years ago•2 min saved

"China's Factory Downturn Worsens in December, Stimulus Expected"

China's manufacturing activity contracted for the third consecutive month in December, with the official purchasing managers' index (PMI) falling more than expected, signaling a deepening factory contraction and a challenging economic recovery. This has led to expectations of additional stimulus measures, including potential interest rate cuts and reserve requirement ratio reductions by the central bank. The economic slowdown is attributed to a severe property slump, local government debt risks, soft global demand, and deflationary pressures. The government is likely to focus on fiscal steps to support growth in the coming year, despite weak domestic and external demand.

via Reuters|

##chinaeconomy #economicrecovery

economy2 years ago•2 min saved

"China's Factory Downturn Persists, Prompting Economic Stimulus Speculation"

China's manufacturing activity contracted for the third consecutive month in December, with the PMI falling to 49.0, indicating a deepening factory contraction and a challenging economic recovery. This has led to expectations of additional stimulus measures, including interest rate cuts and reserve requirement ratio reductions by the central bank. The government is also expected to focus on fiscal steps to support growth, as weak domestic and global demand continue to weigh on the economy. Despite these challenges, China's economic growth is projected to meet the official target of around 5% for the year.

via Investing.com|

##chinaeconomy #economicrecovery