China’s factory activity contracted in September for the first time since the pandemic began last year, a sign of the damage a widespread electricity crunch is having on an already slowing economy.
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BEIJING :China’s factory activity unexpectedly shrank in September as high raw material prices and power cuts pressured manufacturers in the world’s second-largest economy, while the services sector …
China factory activity unexpectedly shrank in September amid higher material prices, power cuts
Manufacturers are facing heightened costs, production bottlenecks, and more recently, electricity rationing.. Read more at straitstimes.com.
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