SCMP/Reuters: China economy shows fresh signs of cooling amid US trade war
Export orders drop at fastest rate in over two years, according to latest data that suggests US tariffs may be starting to bite.
Growth in China’s factory sector stalled in September after 15 months of expansion, with export orders falling the fastest in over two years, a private survey showed on Sunday, suggesting US tariffs are starting to inflict a heavier toll on the Chinese economy.
A separate, official survey confirmed a further weakening in Chinese manufacturing last month, with domestic and export demand also softening, though its headline reading still pointed to some growth.
Taken together, the business activity gauges – the first major readings on China’s economy for September – confirm consensus views that the world’s second-largest economy is continuing to cool, which is likely to prompt Chinese policymakers to roll out more growth support measures in coming months.
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Update: China manufacturing weakens amid US tariff battle (AP)
WNU Editor: U.S. tariffs are only impacting China's economy now. These Chinese economic numbers are more of a reflection of tighter debt and lending practices by Chinese banks. When the full impact of U.S. tariffs hit, these economic numbers are going to far worse. As to how the Chinese government is handling this bad news. They are admitting they are facing tough times to people outside of China .... China's second-in-command: We're facing 'greater difficulties' in keeping economy stable (CNBC), but censoring it within China .... China increases censorship of bad economic news (The Bulletin/New York Times Service).
