BEIJING — Growth in Chinese factory activity was weak in September, export orders fell and companies cut tasks, 2 studies revealed Friday, including to pressure on lackluster financial development.
A month-to-month getting supervisors’ index launched by company news publication Caixin fell to 48.1 from August’s 49.5 on a 100-point scale in which readings listedbelow 50 show activity contracting. A different PMI by an authorities market group increased to 50.1 from 49.4.
“The studies recommend that China’s economy continued to lose momentum,” Zichun Hu