
It's official. China's manufacturing industry is in trouble
CNN
Factories in China are struggling at a time when the world's second largest economy has to contend with yet another concern: a growing power supply crunch.
A government survey of manufacturing activity released Thursday fell to 49.6 in September, down from 50.1 in August. Any reading below 50 indicates contraction — and in this case, it was the first time the official survey showed activity shrinking since the Covid-19 pandemic began.
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