Tags: China | Manufacturing

Chinese Manufacturing Weak, Adding to Economic Pressure

Chinese Manufacturing Weak, Adding to Economic Pressure

Wednesday, 31 August 2022 03:01 AM EDT

BEIJING (AP) — Chinese manufacturing contracted in August amid weak export and consumer demand, a survey showed Wednesday, adding to downward pressure on the struggling economy.

A monthly index improved to 49.4 from July’s 49 on a 100-point scale but still was below the 50-point mark that shows activity contracting, according to the national statistics agency and an industry group.

The ruling Communist Party is trying to shore up economic growth that sank to 2.5% in the first six months of 2022, less than half the official annual growth target of 5.5%.

The data “show a further loss in economic momentum,” said Julian Evans-Pritchard of Capital Economics in a report. “The economy will struggle to make much headway during the coming months.

Chinese consumer demand has been dampened by a plunge in real estate activity after Beijing tightened controls on the industry’s use of debt and by repeated shutdowns of factories, shops and neighborhoods to fight coronavirus outbreaks.

Indicators of export orders, overall orders and employment also improved from July but still were in contraction territory.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Chinese manufacturing contracted in August amid weak export and consumer demand, a survey showed Wednesday, adding to downward pressure on the struggling economy.A monthly index improved to 49.4 from July's 49 on a 100-point scale but still was below the 50-point mark that...
China, Manufacturing
175
2022-01-31
Wednesday, 31 August 2022 03:01 AM
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