China factory sector hurt in September as trade frictions bite

[To-Whose-Benefit?]

Reuters
September 29, 2018 / 9:20 PM / Updated 38 minutes ago

[excerpt]

https://www.reuters.com/article/us-china-economy-pmi-factory-official/china-factory-sector-hurt-in-september-as-trade-frictions-bite-idUSKCN1MA00Q

BEIJING (Reuters) - 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 U.S. 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.

[To-Whose-Benefit?]

Really?