China activity surveys show economic conditions deteriorating, not crashing

October 1, 2015 7:50 AM

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China activity surveys show economic conditions deteriorating, not crashing

BEIJING Activity in China's vast factory sector shrank again in September as demand softened at home and abroad, fueling fears that the world's second-largest economy may be cooling more rapidly than expected just a few months ago.

Similar private surveys also showed growing strains on smaller and medium-sized manufacturing and service companies which are at the heart of China's economy, providing most of its jobs and 60 percent of its gross domestic product.

Also read: U.S. economy creates 178,000 jobs in November; jobless rate drops to 4.6%

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