China’s factory activity slips as new export orders weaken
New export orders fell to 48.7, and the official manufacturing PMI slipped below 50 as policymakers weigh more stimulus.
- 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.
53 Articles
53 Articles
China ' s industrial activity declined to deflation during October with the procurement managers ' index falling to 49.3 points, amid weak domestic demand and high production costs, despite the continued growth of advanced technological industries.
Chinese factory activity slips amid strong tech show
China's manufacturing activity moderated in October, with the purchasing managers' index falling to 49.3 as the high-tech and equipment manufacturing sectors maintained expansion, official data showed on Saturday. The overall reading was down 0.8 percentage points from September, according to the National Bureau of Statistics. Chief statistician Huo Lihui attributed the retreat to some demand being brought forward ahead of the National Day holid…
Reformatorisch Dagblad
Activity in Chinese factories declined in October, according to new figures from the Chinese statistics bureau. This suggests that policymakers in the world's second-largest economy are struggling to keep production running smoothly to meet this year's growth target.
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