China's factory activity contracts despite an uptick in export demand

business economy & finance

An official survey reveals that China's factory activity improved in August, although the sector remained in contraction for a second consecutive month.

The report indicates that output and market demand have recovered, while export demand continues to hold strong.

Despite these glimmers of a pickup, the continued shrinkage of manufacturing activity puts pressure on Beijing to support the economy as growth loses momentum, with policymakers eyeing new measures.

China’s factory activity contracts in August despite an uptick in export demand

abcnews.com

China’s factory activity contracts in August despite an uptick in export demand

abcnews.com

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