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Hong Kong CNN —Global investors went wild during China’s just-concluded Golden Week holiday by snapping up “everything” related to the country. But that optimism didn’t extend to shoppers and travelers in the world’s second-largest economy itself. “Low tourism spending per head and subdued services prices highlighted still weak domestic demand and continued consumption downgrading,” they said. Goldman Sachs added that anecdotal evidence indicates hotel prices and airfares during the holiday were lower than year-ago levels. According to official data, cross-border travel rose by about 26% to 13 million trips, compared with last year’s holiday period.
Persons: Goldman Sachs, , Xi Jinping, David Tepper Organizations: Hong Kong CNN — Global, Citi, Management, CNBC, Hong, National Development, Reform Commission, Ministry of Finance Locations: China, Hong Kong, Shanghai, Shenzhen
TAIPEI — Most Taiwanese believe China is unlikely to invade in the coming five years but do see Beijing as a serious threat to the democratic island, a poll by Taiwan’s top military think tank showed on Wednesday. Lee Kuan-chen, another INDSR researcher, said Taiwan's military should continue to boost its defense capacity to build public trust. Taiwan's President Lai Ching-te said on Saturday that it is "impossible" for the People’s Republic of China to become Taiwan’s motherland because Taiwan has older political roots. Taiwan's China policy making Mainland Affairs Council said it was an objective fact that since 1949 the People's Republic of China had never ruled the island. "On the contrary, the Republic of China may be the motherland of the people of the People's Republic of China who are over 75 years old," Lai added, to applause.
Persons: Christina Chen, Chen, Xi Jinping, Yan Zhao, Lee Kuan, Lee, Joe Biden, Lai Ching, Lai, Mao Zedong's, Taiwan Affairs Office's Organizations: Institute for National Defense and Security Research, U.S . Central Intelligence Agency, Getty, Affairs Council, Taiwan Affairs Office, Taiwan Affairs Locations: TAIPEI, China, Beijing, Taiwan, Taipei, AFP, United States, U.S, People’s Republic of China, Republic of China, People's Republic of China, Taiwan's, People's, Republic of China's
The relationship between Trump and Putin has long been a source of controversy. AdvertisementWith only a month to go before the presidential election, Donald Trump's relationship with Russian President Vladimir Putin has once again come under the spotlight. In a forthcoming book, journalist Bob Woodward says that the former president and Putin have a closer friendship than previously known. The Ukraine war has already roiled markets for food, oil, gas, and other products, and wider conflict could have an even more devastating impact. If Russian President Vladimir Putin is victorious in Ukraine, it may embolden Chinese leader Xi Jinping to invade Taiwan.
Persons: Trump, Putin, , Donald Trump's, Vladimir Putin, Bob Woodward, Steve Cheung, Woodward, Robert Mueller, Yuri Gripas, Joe Biden, he'd, he's, JD Vance, Volodymyr Zelenskyy, Philip Ingram, Zelenskyy, Kenneth Rogoff, William Pomerantz, Vance, Xi, Ingram, Xi Jinping, Sergei Savostyanov, Jamie Dimon, Dimon, William Reinsch, Kamala Harris, Harris, Pomeranz Organizations: Service, CNN, Washington Post, Putin, Trump, Kremlin, REUTERS, Republicans, International Monetary Fund, Wilson Center, Getty, JPMorgan, CNBC, TV18, Center for Strategic, International Studies, Wall Street Locations: Ukraine, Russia, British, Europe, Washington ,, China, Russian, Taiwan, NATO, Asia, India, Pennsylvania
Creating a 'Hellscape'Drones could be deployed by China to swarm over Taiwan and guide high-precision missile strikes, experts told Business Insider. Numbers countBut countering China's drone capability is in part a numbers game, and this is where Taiwan and the US currently fall short. When combined with other Chinese drone companies, that share goes up to well above 80%, it said. AdvertisementThis method would be vital for tracking and disabling some of the smaller drones China might use in an attack on Taiwan, said Pettyjohn. Advertisement"Currently the US and Taiwan do not have sufficient air defenses and CUAS [counter drone] systems to deal with the Chinese drone threat," she said.
Persons: , it's, China's, Adm, Samuel Paparo, Paparo, Stacie Pettyjohn, Xi Jinping, he'd, Zak Kallenborn, Ercin, Teng Yun, Pettyjohn, Weeks, John Aquilino, Sean Gallup, Kallenborn, We've Organizations: Service, Pacific Command, Washington, People's Liberation Army, Center, New, New American Security, Anadolu Agency, Getty, Financial Times, The New York Times, US Army, Armed Services Committee, Institute for Economics, Peace Locations: China, Taiwan, Taiwan Strait, New American, US, Ukrainian, Philadelphia, Ukraine, United States, Pettyjohn
Hong Kong CNN —China has set aside 200 billion yuan ($28 billion) for investment projects by local governments this year, as it promised to meet its own ambitious economic growth targets. China announced a 5% target growth rate in March, but a series of economic data over the summer has been so weak that economists were worried the goal might be missed. To help local governments struggling with mountains of debt, Beijing will provide 100 billion yuan ($14 billion) from the central government’s budget and an extra 100 billion yuan for investment projects, Zheng said. Nevertheless, investors were disappointed at the lack of details on new fiscal measures,” Fred Neumann, chief Asia economist for HSBC, told CNN. Fiscal measures, on the other hand, can include the use of taxation or other measures to impact public spending more directly.
Persons: ” Zheng Shanjie, Zheng, Xi Jinping, Fred Neumann, What’s, Jia Kang, , … Jia Kang, , Xi, Organizations: Hong Kong CNN, National Development, Reform Commission, HSBC, CNN, , Ministry of Finance, Citi, People’s Bank of China Locations: China, Hong Kong, Beijing, Asia, Shanghai, Shenzhen
ISLAMABAD — Two Chinese nationals were killed in an explosion near the international airport of the southern Pakistani city of Karachi on Sunday night, the Chinese embassy in Pakistan said, in what it described as a "terrorist attack." The Chinese embassy said a convoy from the Port Qasim Electric Power Company was attacked near the airport. Pakistan's Prime Minister Shehbaz Sharif said a Chinese national was also injured and that an investigation was underway. It has previously killed Chinese citizens working in the region and attacked Beijing’s consulate in Karachi. In March, a suicide bomber killed five Chinese engineers working on a hydropower project in northern Pakistan.
Persons: Shehbaz Sharif, Asif Hassan, Imran Khan ., , Xi Organizations: Baloch Liberation, Port Qasim Electric Power Company, Embassy, General, Pakistan's, Getty Images, Shanghai Cooperation Organization, Geo News, Beijing, Beijing’s, Authorities Locations: ISLAMABAD, Pakistani, Karachi, Pakistan, Port, Pakistan's, AFP, Getty Images Pakistan, Islamabad, Balochistan, Pakistan’s, Afghanistan, Iran, Gwadar, China
Lai Ching-te on Sunday said it's "impossible" that China would become Taiwan's "motherland." AdvertisementTaiwanese President Lai Ching-te on Sunday challenged the idea that mainland China is Taiwan's "motherland," saying the island's government is older than Beijing's. Meanwhile, the People's Republic of China, which governs mainland China from Beijing under leader Xi Jinping, celebrated its 75th birthday on October 1. Advertisement"Therefore, in terms of age, it is definitely impossible for the People's Republic of China to become the motherland of the people of the Republic of China," Lai said. "On the contrary, the Republic of China may actually be the motherland of the people over 75 years old in the People's Republic of China," Lai continued as his audience applauded and cheered.
Persons: Lai Ching, , Lai, Xi Jinping, Mao Zedong's, Mao, Tsai Ing, Lai's, Tsai, it's Organizations: Service, Sunday, Democratic Progressive Party Locations: China, Beijing, Taiwan, Republic of, People's Republic of China, Republic of China, of China, Taipei, There's, , Hong Kong, India, Southeast Asia, Washington
Manila, Philippines (AP) — The Philippines’s former President Rodrigo Duterte registered Monday to run for mayor of his southern home city despite his notorious legacy over his brutal anti-drugs crackdown that the International Criminal Court is investigating as a possible crime against humanity. His son – incumbent Davao city Mayor Sebastian Duterte – would run as his vice-mayor in next year’s mid-term elections, officials said. More than 6,000 people, mostly poor drug suspects, were killed under a massive police-enforced crackdown against illegal drugs that Duterte oversaw when he was president, according to government pronouncements. Duterte has denied condoning extrajudicial killings of drug suspects, although he has openly threatened suspects with death and has ordered police to shoot suspects who dangerously resist arrest. During his presidency, Duterte nurtured cozy ties with Chinese President Xi Jinping and Russian leader Vladimir Putin while lambasting the security policies of the United States and other Western governments.
Persons: Rodrigo Duterte, Mayor Sebastian Duterte –, Duterte, Sara Duterte, Ferdinand Marcos Jr, Marcos, Marcos administration’s, China’s, Xi Jinping, Vladimir Putin Organizations: Mayor, ICC Locations: Manila, Philippines, Davao city, Davao, Duterte, China, United States
CNN —It is “absolutely impossible” for Communist China to become Taiwan’s motherland because the island’s government is older, Taiwan’s president has said in a carefully timed speech that underscores the intense historical rivalry between the two. Despite having never controlled Taiwan, China’s ruling Communist Party has vowed to “reunify” with the self-governing democracy, by force if necessary. But many people on the island view themselves as distinctly Taiwanese and have no desire to be part of the People’s Republic of China. In Beijing, the CCP took power and founded the People’s Republic of China (PRC) on October 1, 1949. They later joined Taiwan’s evolution into a democracy and have made significant ideological transformations, including favoring closer ties with Communist China.
Persons: Lai Ching, China’s, , Lai, Mao Zedong’s, Xi, ” Lai, Lai’s, Republic of China ’, , Ling Tao, ” Xi, Organizations: CNN, Communist Party, CCP, ROC, Nationalist, Kuomintang, KMT, Democratic Progressive Party, Facebook, Nationalists, Communist China, of, People, Xinhua, Locations: Communist China, Taiwan, People’s Republic of China, Beijing, Republic of China, ROC, China, Nationalist, Japanese, Imperial Japan, Mao Zedong’s Communist, Taipei, Taiwan’s, Taiwan Strait, “ Taiwan
The stimulus measures should have come far sooner, says Lun, but better late than never. Beijing has largely held back on unveiling fiscal measures, which can include the use of taxation or other measures to impact public spending. Another one trillion yuan may be set aside for recapitalizing banks or helping indebted local governments to issue bonds. Jia said China’s economy had expanded sufficiently since then to support the issuance of Treasury bond financing between four trillion to 10 trillion yuan. Any meaningful stimulus measures must tackle the problem of oversupply in the property market, experts said.
Persons: Francis Lun, he’s, Lun, , we’re, Juliana Liu, Ray Dalio, Pan Gongsheng, Li Yunze, Wu Qing, Pan, Jing Liu, it’s, Xi, Jia Kang, Jia, Chi Lo Organizations: Hong Kong CNN —, Index, CNN, Geo Securities, Nikko Asset Management, Bridgewater Associates, National Development Reform Commission, People’s Bank of China, Financial Regulatory, China Securities Regulatory, HSBC, Reuters, Ministry, Finance, Ministry of Finance, China Academy of New, Barclays, BNP, Management Locations: China, Hong Kong, Causeway, Beijing, Renhuai
The 2024 box office has been inundated with sequels, prequels and remakes, with the top 10 titles of the year all coming from existing intellectual property. Looking at the current 2025 calendar, between 50% and 70% of the movies from the six major studios — Universal , Disney , Warner Bros. , Paramount , Sony and Lionsgate — will be related to existing IP. Craig T Fruchtman | Getty Images Entertainment | Getty ImagesEven before Hollywood was disrupted by the pandemic and the meteoric rise of streaming content, the domestic box office was heavily reliant on franchise titles. While that's a 11.3% drop from last year and lags 25% behind pre-pandemic levels, the haul is better than box office analysts had expected. "Some of the most well-received box office hits in recent memory have been sequels or films based on existing brands and there is still a variety of original content out there."
Persons: There's, Paul Dergarabedian, Guy, Bob Marley, Craig T Fruchtman, Kung, Dergarabedian, Kraven, Hunter, King, Shawn Robbins, Bridget Jones, MEGAN, Downton, Michael, John Wick Organizations: Marvel, Disney, — Universal, Warner Bros, Paramount, Sony, Lionsgate, Comscore, Getty, Hollywood, Universal, Century Fox, Warner Locations: Shanghai, China, Kingdom, New York City, Peru
US officials are concerned about the potential national security damage done by the hacking, which they only recently discovered. US law enforcement agencies request access, through a warrant, to specific portions of that data as part of criminal and national security investigations. US officials have briefed the House and Senate intelligence committees on the Chinese hacking campaign, two sources said. The Chinese hacking team in question is known in the cybersecurity industry as Salt Typhoon. FBI Director Christopher Wray has said that Chinese government-backed hackers outnumber FBI cyber personnel 50 to 1.
Persons: Lumen, Liu Pengyu, Christopher Wray, Antony Blinken, Xi Jinping, Joe Biden Organizations: CNN, Verizon, Lumen, Justice Department, FBI, Embassy, , Street Journal, Microsoft, Google Locations: China, Washington, Beijing, Washington ,, Taiwan, California
Lawmakers are appealing to President Joe Biden to use the remaining time in his term to work for the release of Americans who are “wrongfully detained” in China, saying U.S. officials need to do more to help secure their freedom. “There are more Americans wrongfully detained in China than in any other country. They deserve tenacious advocacy to gain their release,” said Smith and Merkley, co-chairs of the Congressional-Executive Commission on China. China has denied the allegations and says it has treated detained Americans properly and respected their legal rights. Dui Hua, a rights group that advocates for detainees in China, estimates there are more than 200 Americans “under coercive measures” in China.
Persons: Joe Biden, , Chris Smith of, Democratic Sen, Jeff Merkley, Smith, David Lin, Kai Li, Mark Swidan, Hua, Li, Biden, Paul Whelan, Evan Gershkovich, Alsu Kurmasheva, Xi Jinping, , Li’s, Harrison Li Organizations: ” Republican, Democratic, Congressional, Commission, State Department, White, and State Department Locations: China, Chris Smith of New Jersey, Oregon, Washington, Long Island , New York, Texas, Russia, People’s Republic of China, United States
China has ramped up its military presence around Taiwan, the country's navy commander said. Adm. Tang Hua told The Economist that China wants it to make a mistake so it can justify a blockade. AdvertisementChina is trying to force Taiwan into making mistakes and is looking for excuses to trigger a blockade, according to Taiwan's navy commander. Adm. Tang Hua told The Economist that China is "slowly, but surely" ramping up its military presence around Taiwan and is ready to blockade Taiwan "at any time they want." "The PLA is trying to force Taiwan to make mistakes," he said, using the acronym for China's People's Liberation Army.
Persons: . Tang Hua, , Adm . Tang Hua, Tang, Phil Davidson, Wellington Koo, Xi Jinping Organizations: Economist, China, Service, PLA, People's Liberation Army, American Enterprise Institute, Institute for, Institute for Economics, Peace, Lieber Institute for Law, Warfare, Financial Times Locations: China, Taiwan, Point, People's Republic of China
Iran launched a massive ballistic missile strike on Israel this week, what appears to be the largest ever. The attack represents just a fraction of the scale, devastation, and capabilities a China missile strike could have, experts said. AdvertisementIran launched a major missile strike on Israel earlier this week likely intended to overwhelm the country's air defenses and inflict significant damage. The Iranian attack was massive, perhaps the largest ballistic missile strike in history, but it represents just a fraction of the scale and capabilities of what a Chinese missile attack could look like. AdvertisementA massive missile strikeIran previously launched a missile strike on Israel in April, using ballistic missiles, cruise missiles, and drones.
Persons: , Bailee Ann Darbasie, Tom Karako, Amir Cohen, Hassan Nasrallah, Ismail Haniyeh, wasn't, Cole, USS Bulkeley, Karako, Thomas Shugart, Liu Mingsong, Shugart, Xi Jingping's, GREG BAKER Organizations: Service, Department of Defense, Army's, Force, U.S . Air Force, Staff, Center for Strategic, International Studies, Missile Defense, Reuters, Air, US, Iranian, US Navy, Center, New, New American Security, Pentagon, Getty, Area Defense, Aegis, Pacific Command Locations: Iran, Israel, China, Taiwan, Chinese, Ukraine, New American, Xinhua, AFP, Japan
Ray Dalio is again promoting the idea that China urgently needs to start a "beautiful deleveraging." In a LinkedIn post on Tuesday, Dalio wrote of what he called a "beautiful deleveraging," or an aggressive, two-pronged approach to solving debt issues. Dalio wrote that Chinese leader Xi Jinping's unprecedented stimulus sparked a "big week" for economic optimism, but it won't be enough. The interest rate cuts would ideally be so drastic that they run below inflation and nominal growth rates, Dalio wrote. If Beijing doesn't start a "beautiful deleveraging," he said, it risks allowing its crisis to drag on and create an "economic and psychological malaise like Japan experienced."
Persons: Ray Dalio, Dalio, , Xi, They'll Organizations: Service, Bridgewater Associates, Washington Locations: China, Beijing, Japan, US
Larry Fink says China is the biggest, fundamental supporter of Russia's economy. AdvertisementChina is Russia's biggest war backer, BlackRock chairman and CEO Larry Fink said on Tuesday. "Russia's biggest supporter and fundamental supporter of the Russian economy is China. "We have businesses in China, I'm sure everybody here has some businesses in China," Fink said. In July, Finland's President Alexander Stubb told Bloomberg in an interview that Russia's reliance on China means the Asian giant could end the Ukraine war if it wanted to.
Persons: Larry Fink, Fink, " Fink, China's, , there's, hasn't, William J, Burns, Alexander Stubb, Xi Jinping, Stubb Organizations: BlackRock, Service, Berlin Global, Bloomberg, Business Insider, CIA, Foreign Affairs Locations: China, Russia, Russia's, Ukraine, BlackRock
BEIJING — Chinese President Xi Jinping said Monday that no challenges can stop the country from moving forward and reiterated Beijing’s reunification aims with Taiwan. “The path ahead will definitely see challenges,” Xi said, before calling on the country to overcome uncertainties and risks. “No challenges can stop China’s progress.”The comments were translated by CNBC from a Chinese state media broadcast. Xi did not mention specific countries or trade conflicts in his Monday speech, instead portraying China as upholding globalization. In a 2019 speech commemorating the PRC’s 70th anniversary, Xi had said that no force could sway China’s development, amid festivities involving a military parade and large-scale celebrations.
Persons: Xi Jinping, ” Xi, Xi, Beijing’s, , Organizations: CNBC, Communist Party’s, Macao —, People’s Bank of, Ministry of Finance Locations: BEIJING, Taiwan, People’s Republic of China, Beijing, China, U.S, Europe, Greater China, Hong Kong, Macao, People’s Bank of China
If you like your European midweek football this is the week for you, with 54 Champions League, Europa League and Conference League matches being crammed into three nights. The Champions League kicked things off with some of the competition’s favourites beginning to bare their teeth. It was also, incredibly, their 31st defeat from 37 Champions League group stage away games. Ilkay Gundogan, Phil Foden, Erling Haaland and a first Champions League goal for James McAtee saw City get their first win of this year’s competition. They lost a number of key players in the summer and can’t even play Champions League games at their own home, with the 15,000 capacity Stade Francis-Le Ble not up to Champions League standards (they’re hosting matches at Guingamp’s Stade du Roudourou instead).
Persons: Olivier Giroud, Germain, Luis Enrique, Mikel Arteta’s, Nuno Mendes, Joao Neves, Kai Havertz, Gianluigi Donnarumma, Leandro Trossard’s, l, e, sid e, Rob e, Lew, Rea, , Camara, enki, – they, night., ashe, hal f, alf of a, Brendan R, c Roy, are, tim e, eason, Francis, Le Bl, ning, Bayer, ade 0 P, 45pm E, ina Organizations: Champions League, Europa League, Conference League, League, Arsenal, Manchester City, Borussia Dortmund, Brest, Bayern Munich, Paris Saint, Emirates, sco, RIM, rit, UE, eni, Graz, Salzburg …, pla Locations: Barcelona, Emirates, Nis, goa, Zagreb, Ata, Brest, Austria, Red Bul, arta
Costfoto | Nurphoto | Getty ImagesBEIJING — The rocket higher in Chinese stocks so far looks different from the market bubble in 2015, analysts said. Major mainland China stock indexes surged by more than 8% Monday, extending a winning streak on the back of stimulus hopes. Stock market leverage by percentage and value were far higher in 2015 than data for Monday showed, according to Wind Information. He added that there are market risks from how unprepared the stock trading system was for the surge of buying. Reports indicate brokerages have been overwhelmed with new requests, echoing how individuals piled into the stock market nearly a decade earlier.
Persons: Aaron Costello, We're, Xi Jinping, Zhu Ning, Stephen Roach, Yale Law School's Paul Tsai, Costello, Peter Alexander, it's, , Alexander Organizations: Nurphoto, Getty, Cambridge Associates, U.S ., greenback, U.S, CSI, People's Bank of China, Nikkei, Yale Law, Yale Law School's Paul Tsai China Center, Ministry of Finance, Ben Advisors, Shanghai Stock Exchange Locations: Hangzhou, China, BEIJING, Shanghai, Shenzhen, Asia, MSCI, People's Republic of China, Beijing
China's slowing crude demand growth and economic struggles are dampening oil market sentiment. Global benchmark Brent crude oil futures were up 0.17% to $71.82 per barrel at 2.14 a.m. This would be a big shift in policy, since Saudi Arabia has been leading OPEC and the group's allies, including Russia, in maintaining oil supply cuts since late 2022. AdvertisementDespite the downside pressure on oil prices, things could change quickly if geopolitical uncertainty rises further in the Middle East. The US may also provide some support to the market as crude oil inventories hit a two-and-a-half year low as of September 20, the latest data available.
Persons: Israel, , Henning Gloystein, Xi Jinping, Brent, Naeem Aslam, Aslam Organizations: Service, Israel, Brent, Benchmark, Texas, Eurasia Group, Beijing, BMI, Financial Times, London Locations: Lebanon, Brent, China, Saudi Arabia, Russia
China: Woman with rare double uterus gives birth to twins
  + stars: | 2024-10-01 | by ( Cnn Staff | ) edition.cnn.com   time to read: +1 min
CNN —A woman with the rare condition of two uteruses delivered twins, one from each womb, last month at a hospital in northwestern China, according to health officials and state media. According to the hospital, the new mother was born with two cervixes and two uteruses, a condition called uterine didelphys found in about 1 in 2,000 women. “That’s a miracle!” one user wrote, while another said, “How lucky she is!”. But in January, Li became pregnant again and discovered during an early ultrasound that she was expecting not just one child but twins – one in each womb. After “close and strict” medical monitoring, she “successfully” gave birth to a boy weighing 7 pounds, 19 ounces and a girl weighing 5 pounds, 30 ounces, the hospital said.
Persons: Li, , Organizations: CNN Locations: China, Shaanxi province, Weibo
Amid hopes that China's economy is roaring to life again, even Xi Jinping is looking cautious. In his first major speech since the stimulus, Xi warned of "storms" ahead and the need to prepare for "rainy days." While he portrayed China as resolute, Xi also tempered the idea that the country was on a sure road to victory. AdvertisementChina's surprise stimulus triggered a massive rally in its equities last week, but even its leader, Xi Jinping, isn't celebrating yet. In his first remarks about the nation's condition since the stimulus announcement, Xi warned of "violent storms" ahead and urged China to prepare for hardship while portraying it as determined to succeed.
Persons: Xi, , Xi Jinping, China's, That's Organizations: Service, of, Barclays Locations: China, Beijing, People's Republic of China, Taiwan, China's
Hong Kong CNN —Chinese leader Xi Jinping reiterated his pledge to achieve “reunification” with Taiwan on the eve of Communist China’s 75th birthday, as Beijing flexed its military might in the run-up to the national holiday. But many people on the island view themselves as distinctly Taiwanese and have no desire to be part of Communist China. He also called for deeper economic and cultural exchanges across the Taiwan Strait and promotion of “spiritual harmony of compatriots on both sides.”“(We must) resolutely oppose ‘Taiwan independence’ separatist activities,” Xi said. On Sunday, Taiwan’s Defense Ministry said it was on alert after detecting “multiple waves” of missile firing deep in inland China. The funding will cover defense articles as well as “military education and training,” the White House said in a statement.
Persons: Xi Jinping, Xi, , , ” Xi, Lai Ching, Joe Biden Organizations: Hong Kong CNN, of, People, Xinhua, Communist Party, Taiwan, Taiwan’s Defense Ministry, Army’s, Force Locations: Hong Kong, Taiwan, Beijing, People’s Republic, Communist China, People’s Republic of China, Republic of China, Taipei, Taiwan Strait, China, Inner Mongolia, Gansu, Qinghai, Xinjiang, United States
China's factory activity contracted for a fifth consecutive month in September as the world's second-largest economy struggles to revive its growth momentum. A PMI reading above 50 indicates expansion in activity, while a reading below that level points to contraction. However, China's Caixin PMI was 49.3, compared to 50.4 in August, according to the private survey compiled by S&P Global. The Caixin data released on Monday indicated that China's manufacturing sector experienced its sharpest contraction in 14 months in September, driven by declining demand and a weakening labor market. Headwinds for the manufacturing sector has continued to mount as a prolonged economic slowdown and property crisis dampen domestic demand.
Persons: Zhao Qinghe, Xi Jinping Organizations: National Bureau of Statistics, PMI, Reuters, NBS, P Global, National Bureau, Statistics, People's Bank of China
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