China's factory activity is expected to contract for a fifth consecutive month in August due to weak demand, posing challenges to the country's economic recovery.
China's factory activity contracted for the fifth consecutive month in August, indicating that the slowdown in the country's economy has not yet reached its lowest point.
Chinese factory activity unexpectedly grew in August, fueled by improving local demand and an increase in new orders, although the Chinese economy still faces challenges due to weak external demand and a potential real estate crisis.
The latest Manufacturing ISM Report On Business reveals that economic activity in the manufacturing sector has contracted for the 10th consecutive month in August, following a period of growth, with new orders, employment, backlogs, and raw materials inventories all contracting.
China's services activity expanded at the slowest pace in eight months in August, indicating weak demand and a lack of stimulus measures to revive consumption in the country's second-largest economy.
China's exports are expected to contract at a slower pace in August, with a projected fall of 9.2%, as manufacturers continue to face pressure due to weak overseas demand and a shrinking labor market.
China's factory output and retail sales grew at a faster pace in August, but declining investment in the property sector poses a threat to the country's economic recovery.
