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FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,

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  • Au Kam San sentenced to 12 years and six months in city’s first national security case

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  • Summit puts medical tourism and preventive healthcare at center of growth plans

BusinessChina
Home›Business›Chinese manufacturing weak, adding to economic pressure
The Buzz

Chinese manufacturing weak, adding to economic pressure

By -
Thursday, September 1, 2022
160
0

Chinese manufacturing contracted in August amid weak export and consumer demand, a survey showed yesterday, adding to downward pressure on the struggling economy.

A monthly index improved to 49.4 from July’s 49 on a 100-point scale but still was below the 50-point mark that shows activity contracting, according to the national statistics agency and an industry group.

The ruling Communist Party is trying to shore up economic growth that sank to 2.5% in the first six months of 2022, less than half the official annual growth target of 5.5%.

The data “show a further loss in economic momentum,” said Julian Evans-Pritchard of Capital Economics in a report. “The economy will struggle to make much headway during the coming months.

Chinese consumer demand has been dampened by a plunge in real estate activity after Beijing tightened controls on the industry’s use of debt and by repeated shutdowns of factories, shops and neighborhoods to fight coronavirus outbreaks.

Indicators of export orders, overall orders and employment also improved from July but still were in contraction territory.

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DAILY EDITION

Friday, November 6, 2026 – edition no. 5069
Friday, November 6, 2026 – edition no. 5069

Greater Bay

MDT MACAU GRAND PRIX SPECIAL

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A fiery milestone: Feng Wei Ju’s 20th anniversary tribute to Starworld Macau

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