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China's Factory Activity Contracts Amid Weak Demand and Tariffs

9/29/2025

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Summary

Story summary

China's factory activity likely contracted for the sixth straight month in September.
The official PMI is expected to rise to 49.6, still below 50.
Domestic demand remains weak since the pandemic, with U.S. tariffs weighing on Chinese factories.
Exports to India reached a record in August, while U.S.-China trade talks continue and a TikTok deal framework was established before the Madrid summit.

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Story summary

China's factory activity likely contracted for the sixth straight month in September.
The official PMI is expected to rise to 49.6, still below 50.
Domestic demand remains weak since the pandemic, with U.S. tariffs weighing on Chinese factories.
Exports to India reached a record in August, while U.S.-China trade talks continue and a TikTok deal framework was established before the Madrid summit.