In September this year, the China Caixin Manufacturing Purchasing Managers Index (PMI) indicated a final reading of 50.0, down 0.6 percentage points compared to the final reading for August, as announced by Beijing-based Caixin media group.
Zhong Zhengsheng, chief economist with China Economic and Business Monitor (CEBM), part of Caixin Insight Group, pointed out that the sharp decline in the new export order sub-index showed that demand from overseas markets has slackened in the manufacturing industry. Furthermore, the employment situation has deteriorated, which will exert downward pressure on the economy, he added.
Meanwhile, as announced by China's National Bureau of Statistics (NBS), the purchasing managers' index (PMI) for China’s manufacturing sector was at 50.8 percent in September, down 0.5 percentage point compared to the previous month.