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China’s Factory Activity Slips as New Export Orders Weaken
- On Saturday, the National Bureau of Statistics reported China's official manufacturing purchasing managers' index fell to 49.3 in October, signaling factory contraction as readings below 50 indicate economic decline.
- China's yearslong property sector downturn continues to drag down domestic demand, forcing companies to increase exports to Europe, Southeast Asia, and Latin America to find buyers.
- New export orders dropped to 48.7 from 50.0 in September, while the production subindex declined to 49.8 from 51.7, both falling into contraction territory.
- The 27-nation European Union reported an unsustainable trade deficit with China of $1.1 billion a day in 2025, as partners argue cheaper imports harm domestic industry competitiveness.
- Germany's President Frank-Walter Steinmeier warned that protecting the economy shouldn't increase dependency, saying it's "understandable that China wants to protect its economy against external shocks," as Presidents Trump and Xi prepare November trade talks.
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China’s factory activity slips as new export orders weaken – WTOP News
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...
·Chevy Chase, United States
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(Seoul = Yonhap News) Reporter Kwon Sook-hee = China's manufacturing Purchasing Managers' Index (PMI) for October was recorded at 49.3, marking a shift to a contraction phase after just one month.
·Seoul, Korea (the Republic of)
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Total News Sources27
Leaning Left8Leaning Right5Center10Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 35%
C 43%
R 22%
Factuality
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