Chinese manufacturing in worst state since 2009, says survey

By Euronews

Published on 23/09/2015 - 14:05 GMT+2

Share this article

Chinese manufacturing is having its worst month since the depths of the global financial crisis in early 2009, according to early readings of a

Chinese manufacturing is having its worst month since the depths of the global financial crisis in early 2009, according to early readings of a factory survey.

The general manufacturing purchasing managers’ index indicates a deterioration in conditions – and a contraction in the sector for seven consecutive months.

It came as Chinese President Xi Jinping gave a speech in the US seeking to reassure Americans over the health of the country’s economy.

Many analysts believe weakness in the export-reliant manufacturing sector may mean further devaluation of the yuan is inevitable in the coming months.

Go to accessibility shortcuts

Comments

Economy

Chinese manufacturing in worst state since 2009, says survey

Chinese manufacturing is having its worst month since the depths of the global financial crisis in early 2009, according to early readings of a

Read more

Winners and losers in Europe’s real household income per capita

Study reveals UK gender gap wider than official figures show

The hidden cost of international trade and the countries left behind