China factory surveys show economy weakening, as Beijing steps up support ...Middle East

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China factory surveys show economy weakening, as Beijing steps up support
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China’s economy weakened further in recent weeks, surveys released Monday showed, signaling the need for support as the government ratchets up stimulus. The Caixin purchasing managers survey showed new manufacturing orders fell at the fastest pace in two years in September. An official measure released by the National Bureau of Statistics showed a less drastic decline but it marked a fifth straight month of contraction. The purchasing managers index was at 49.8 in September, up from a six month low of 49.1 in August. The index is on a scale where figures above 50 indicate expansion. The survey showed that factory output rose while new orders fell. Chinese stock markets surged Monday, refl

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