US EditionChina’s factory activity contracts in August despite extension of trade truce with US
China's manufacturing PMI remained below 50 for five months despite a US trade truce, amid challenges like a property downturn, rising unemployment, and severe weather, officials said.
- Official data released Sunday showed China's manufacturing PMI rose slightly to 49.4 in August, but factory activity contracted for a fifth consecutive month, the National Bureau of Statistics said.
- Domestic factors include a property sector debt crisis, low consumption, and urban unemployment rising to 5.2, while external strains stem from a trade war and tariff uncertainty with the United States.
- NBS figures indicate the NBS composite PMI rose to 50.5 in August, with manufacturing indices for new orders and raw material inventory inching higher while the employment index saw a slight drop.
- The strains risk derailing Beijing's 2025 growth target of "around five per cent" as profits at China's industrial firms fell for a third straight month in July, official data showed.
- With talks ongoing, Beijing and Washington have extended a tariff truce to November 10 as Li Chenggang urged "equal dialogue and consultation" after his three-day U.S. visit.
35 Articles
35 Articles
China manufacturing shrinks in August despite new US trade truce
China’s factory output ticked up in August but still recorded a fifth straight month of contraction, official data showed Sunday, as Beijing and Washington press on with trade talks. A street in Hangzhou, China. Photo: RachelF2SEA/Flickr. The Purchasing Managers’ Index — a key measure of industrial output — was 49.4, the National Bureau of Statistics (NBS) said, up slightly from 49.3 in July. A Bloomberg analysts’ poll had forecasted the index w…
China's factory activity below 50-point mark for 5 straight months
A key gauge of China's manufacturing activity has fallen below the boom-or-bust line for the fifth straight month, as cautious views spread among businesses in the face of US tariff policies on top of stagnant domestic demand.
China manufacturing activity shrinks for fifth straight month in August
China's manufacturing activity shrank for a fifth straight month in August, an official survey showed on Sunday, suggesting producers are waiting for further clarity on a trade deal with the U.S. while domestic demand remains sluggish.
Associated Press News
China's factory activity contracts in August despite extension of trade truce with US
China's factory activity contracted in August, marking five consecutive months of decline. The National Bureau of Statistics reported Sunday that the purchasing managers index in the manufacturing sector rose slightly from July's 49.3 to 49.4 in August.
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