China’s Manufacturing PMI Stays Below 50 Percent, Stimulus Plan Unlikely to Work: Experts

Published on October 2, 2024

The Chinese communist regime’s National Bureau of Statistics (NBS) on Sept. 30 released the manufacturing purchasing managers’ index (PMI) for September, which stood at 49.8 percent, pointing to ongoing economic contraction even as regime stimulus measures led to a rise in the stock market. It marks the fifth consecutive month of China’s PMI being below the threshold of 50 percent. PMI is an indicator of the prevailing direction of economic trends in the manufacturing and service sectors. A reading lower than 50 indicates economic contraction. Data released by Caixin, a major Chinese financial website, and S&P Global showed that China’s general PMI in September was 49.3, down 1.1 percentage points from August. The figure is lower than the 50.5 forecast by Reuters analysts and is the lowest since August 2023....

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