Chinese factory activity expands in September amid AI boom
Official PMI rose to 50.1, ending two months of contraction as Beijing rolled out targeted fiscal and credit support to bolster growth.
- On Wednesday, China's official manufacturing purchasing managers' index rose to 50.1 from 49.8 in August, ending two months of contraction, according to the National Bureau of Statistics.
- Easing weather disruptions allowed factories to resume operations, while a global artificial intelligence boom supported the industrial sector. Heavy rain and typhoons had hindered August production.
- Premier Li Qiang chaired a Monday State Council meeting announcing the government will 'launch a package of pragmatic and effective incremental policy measures.' State media Xinhua reported aims to address rising economic strains.
- The non-manufacturing PMI, covering services and construction, reached 50.2 in September, up from 49.0 in August. Policymakers remain focused on tepid domestic demand and prolonged property downturn weighing on confidence.
- China and the United States agreed this week to lower tariffs on $60 billion of each other's goods. Goldman Sachs economists noted Beijing's incremental policy measures point to targeted easing rather than broad-based stimulus.
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45 Articles
Observador
Noticias ao MinutoManufacture of equipment, high technology and consumer goods show a significant increase after several months of serious uncertainty, in particular due to the conflict in the Middle East.
China's Manufacturing PMI Expands to 50.2 in September on AI Demand Surge
China's manufacturing PMI rose to 50.2 in September, marking its first expansion in six months, driven largely by surging AI-related orders that offset weakness in property-linked industries. Government support measures aided demand, though the recovery remains fragile and uneven.
China's factory activity returns to growth in September amid AI boom
BEIJING — China's factory activity returned to growth in September, an official survey showed on Wednesday (Sept 30), as easing weather disruptions allowed factories to resume operations and a global artificial intelligence boom supported the industrial sector.The official manufacturing purchasing managers' index (PMI) rose to 50.1 from 49.8 in August, ending two straight months of contraction, according to the National...
China's official manufacturing purchasing managers' index (PMI) rose to 50.1 in September, the first time in three months that it has crossed the 50-point mark, indicating expansion. The reading was in line with expectations and bolstered hopes that the Chinese economy will pick up again after a slowdown in the second quarter.
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