Civil surveys show that China's manufacturing activities fell to contraction range in August. Power supply tensions and epidemic effects not only affect large state -owned enterprises, but also affect SMEs.
Bloomberg quoted data reports released by Caixin and the S & P Global Index on Thursday (September 1), from 50.4 in July to 49.5 last month from 50.4 in JulyIt is lower than Bloomberg survey economist estimates at 50; this is also the first time that the index has fallen below 50 for the first time since May.
The data also shows that the new PMI's new export order index has for the first time in the first three months, indicating that the foreign demand for the main pillar of China's economy during the epidemic may be shrinking.
The Caixin Index tracks small and medium -sized private and export -oriented enterprises, while the official PMI released by the National Bureau of Statistics of China is mainly large state -owned enterprises.
Wang Yan, a senior economist of Caixin Think Tank, pointed out in a statement published with the data that the Chinese economy is still in a period of restoration after a large -scale epidemic in the first half of the year.Revisions form disturbance.
Wang Yan also said that the increasing influencing factors such as epidemics and disaster conditions increased, the employment market was sluggish, the consumer market was shrinking, and the subsidies and assistance of the people in difficulties and low -income people need to be further strengthened.
China has successively appeared in various provinces this year, facing increasing risk of preventing and controlling epidemic prevention and control. The historic drought since June this year has also led to the crisis of power shortage. At the same timeThe problem of lack of confidence in developers.
Although the August PMI index released on Wednesday (August 31), the National Bureau of Statistics of China, has increased slightly in August, indicating that the power to support the rise of the economy has begun to become strong, but the index level is still belowThe accumulated economic downlink pressure and the difficulties faced by enterprise production and operation cannot be underestimated.
