China’s Manufacturing PMI Stays Below 50 Percent, Stimulus Plan Unlikely to Work: Experts

Without deep structural reforms, further risks in the financial market could be exacerbated and even trigger a bigger economic crisis, Sun Kuo-hsiang said.

A laborer works inside an electronics factory in Qingdao, Shandong Province, China, on Jan. 29, 2018. William Hong/Reuters

The Chinese communist regime’s National Bureau of Statistics on Sept. 30 released the manufacturing purchasing managers’ index (PMI) for September, which stood at 49.8 percent, pointing to ongoing economic contraction even as regime stimulus measures led to a rise in the stock market.

It marks the fifth consecutive month of China’s PMI being below the threshold of 50 percent.