China manufacturing weak, adding to economy pressure

Sep 29, 2022, 10:52 AM | Updated: Sep 30, 2022, 2:43 am
A man works at a manufacturer of Integrated Chip encapsulation in Nantong in eastern China's Jiangs...

A man works at a manufacturer of Integrated Chip encapsulation in Nantong in eastern China's Jiangsu province on Friday, Sept. 16, 2022. Growth in Chinese factory activity was weak in September, export orders fell and employers cut jobs, two surveys showed Friday, Sept. 30, adding to pressure on lackluster economic growth (Chinatopix Via AP)

(Chinatopix Via AP)

BEIJING (AP) — Growth in Chinese factory activity was weak in September, export orders fell and employers cut jobs, two surveys showed Friday, adding to pressure on lackluster economic growth.

A monthly purchasing managers’ index released by business news magazine Caixin fell to 48.1 from August’s 49.5 on a 100-point scale in which readings below 50 indicate activity contracting. A separate PMI by an official industry group rose to 50.1 from 49.4.

“The surveys suggest that China’s economy continued to lose momentum,” Zichun Huang of Capital Economics said in a report.

That adds to complications for Chinese leaders who are trying to reverse an economic slump after growth fell to 2.2% in the first six months of 2022, less than half the 5.5% official target.

Those efforts have been hampered by weak global and Chinese consumer demand and a slump in real estate activity caused by an official crackdown on the industry’s use of debt.

Caixin’s index of new export orders fell to a four-month low of 48.1 from 49.8 and the China Federation of Logistics & Purchasing said its separate index declined to 47 from 48.1. Both said measures of employment were in negative territory, showing companies cut jobs.

“We think the economy will remain weak heading into 2023,” Huang said.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

murders...
Associated Press

Appeals court upholds most Eyman campaign finance violations

A Washington state Court of Appeals on Tuesday upheld most of the campaign finance violations that longtime anti-tax initiative promoter Tim Eyman was found liable for last year.
8 hours ago
A Washington State Department of Agriculture worker displays an Asian giant hornet taken from a nes...
Associated Press

No northern giant hornets found in 2022 in Washington state

Citizen trapping of northern giant hornets in northwest Washington ended Nov. 30 without any confirmed sightings of the hornets this year, state officials said Tuesday.
8 hours ago
This illustration provided by researchers depicts Kap Kobenhavn, Greenland, two million years ago, ...
Associated Press

Oldest DNA reveals life in Greenland 2 million years ago

NEW YORK (AP) — Scientists discovered the oldest known DNA and used it to reveal what life was like 2 million years ago in the northern tip of Greenland. Today, it’s a barren Arctic desert, but back then it was a lush landscape of trees and vegetation with an array of animals, even the now […]
1 day ago
President Joe Biden speaks about his economic agenda after touring the building site for a new comp...
Associated Press

US to boost natural gas exports to UK in energy partnership

WASHINGTON (AP) — The United States will increase exports of liquefied natural gas to Britain under a new agreement calling for the two countries to work together to boost energy security and drive down prices following Russia’s invasion of Ukraine. President Joe Biden and British Prime Minister Rishi Sunak announced the agreement Wednesday as part […]
1 day ago
Law enforcement at Hudson Road and Earl Street in St. Paul, Minn., after St. Paul police shot a per...
Associated Press

Community seeks bodycam video in St. Paul police shooting

ST. PAUL, Minn. (AP) — Community members are calling for the quick release of body camera video after a Minnesota officer shot and killed a man, who police say had a gun. Family members have identified the man as 24-year-old Howard Johnson. He was shot by a St. Paul police officer on Monday, police said. […]
1 day ago
FILE - Boys play soccer among trash that litters the sand of Yarakh Beach in Dakar, Senegal, Nov. 8...
Associated Press

Africa forum hails ‘circular economy’ solutions for climate

MOMBASA, Kenya (AP) — Reducing waste while boosting recycling and reuse, known as the ‘circular economy,’ will be vital for halting the loss of nature by meeting growing demand with fewer resources and will make communities more resilient to climate change by encouraging more sustainable practices on the African continent, organizers of the World Circular […]
1 day ago

Sponsored Articles

Comcast Ready for Business Fund...
Ilona Lohrey | President and CEO, GSBA

GSBA is closing the disparity gap with Ready for Business Fund

GSBA, Comcast, and other partners are working to address disparities in access to financial resources with the Ready for Business fund.
SHIBA WA...

Medicare open enrollment is here and SHIBA can help!

The SHIBA program – part of the Office of the Insurance Commissioner – is ready to help with your Medicare open enrollment decisions.
Lake Washington Windows...

Choosing Best Windows for Your Home

Lake Washington Windows and Doors is a local window dealer offering the exclusive Leak Armor installation.
Anacortes Christmas Tree...

Come one, come all! Food, Drink, and Coastal Christmas – Anacortes has it all!

Come celebrate Anacortes’ 11th annual Bier on the Pier! Bier on the Pier takes place on October 7th and 8th and features local ciders, food trucks and live music - not to mention the beautiful views of the Guemes Channel and backdrop of downtown Anacortes.
Swedish Cyberknife Treatment...

The revolutionary treatment of Swedish CyberKnife provides better quality of life for majority of patients

There are a wide variety of treatments options available for men with prostate cancer. One of the most technologically advanced treatment options in the Pacific Northwest is Stereotactic Body Radiation Therapy using the CyberKnife platform at Swedish Medical Center.
Work at Zum Services...

Seattle Public Schools announces three-year contract with Zum

Seattle Public Schools just announced a three-year contract with a brand-new company to the Pacific Northwest to assist with their student transportation: Zum.
China manufacturing weak, adding to economy pressure