China power crisis weighs on manufacturing activity, drops to lowest level since coronavirus outbreak

Source: China – South China Morning PostActivity in China’s manufacturing sector contracted in September due to “low sentiment of high energy-consuming industries”, data released on Thursday showed, but the services sector bounced back strongly from coronavirus outbreaks last month.The official manufacturing purchasing managers’ index (PMI) – a survey of sentiment among factory owners – fell to 49.6 in September from 50.1 in August, data from the National Bureau of Statistics (NBS) showed.The figure was below the median forecast of a…Read More

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