Caspian Energy Journal Caspian European Club
Friday, 28 September 2018 13:00

China factory growth seen cooling

China factory growth seen cooling

China’s manufacturing sector likely resumed its slowdown in September after taking a pause in August, with exporters facing growing strains from increasingly hostile trade ties with the United States, Caspian Energy News ( reports with reference to a Reuters poll.

According to the Reuters poll, the official manufacturing Purchasing Managers’ Index (PMI) is expected to have slipped to 51.2 in September from 51.3 in August, according to the median forecast of 23 economists in a Reuters poll. The 50-mark divides expansion from contraction on a monthly basis.

As U.S. tariffs threaten to put more pressure on China’s already slowing economy, policymakers in recent months have sought to boost lending to businesses, cut taxes and fast-track big infrastructure projects.

Profit growth at China’s industrial firms slowed to a five-month low in August as demand cooled, data showed on Thursday.

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