News / Fewer orders 'bodes poorly' for China's exports as Golden Week looms

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China’s manufacturing sector contracted again this month, with new export orders at their “lowest since May.”

According to the Caixin China General Manufacturing Purchase Managers’ Index (PMI), September’s factory output and demand was “dampened” by Covid containment measures.

Caixin said: “New business dropped for the second month in a row, which led to a renewed fall in output, while firms also trimmed their purchasing activity and inventories.

“A key factor driving the headline index lower was a faster fall in new orders during ...