,Factory suspensions and power blackouts have already affected at least 17 provinces in China in recent months – a situation further exacerbated by tight coal supply, leading to sky-high prices. – EPA pic, September 30, 2021.
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CHINESE factory activity contracted this month to the lowest level since February last year, when coronavirus lockdowns crippled the economy, official data showed today, as the country faces waves of power outages and fears over instability in the real estate sector.
The Purchasing Managers’ Index (PMI) – a key gauge of manufacturing activity in the world’s second-largest economy – slipped to 49.6 from 50.1 in August, the National Bureau of Statistics said.