China’s manufacturing industry is in trouble

krisis listrik china

Kabar Medsos – Factories in China are struggling at a time when the world’s second-largest economy has to contend with yet another concern: a growing power supply crunch. A government survey of manufacturing activity released Thursday fell to 49.6 in September, down from 50.1 in August. Any reading below 50 indicates contraction — and in this case, it was the first time the official survey showed activity shrinking since the Covid-19 pandemic began. Factories are getting dinged by the soaring cost of energy, according to China’s National Bureau of Statistics,…