China's Economy Slows: Manufacturing, Non-Manufacturing Contraction

Chinas manufacturing and non-manufacturing sectors both contracted in November, marking the eighth consecutive month of decline for manufacturing and the first time in nearly three years for non-manufacturing. This trend, coupled with slowing retail sales and weak domestic demand, suggests a deepening economic slowdown. Despite these challenges, Chinese policymakers are not yet implementing new stimulus measures, aiming to achieve their annual growth target of around five percent. Analysts predict further slowdown in the economy this quarter.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.