China’s New Order Index Falls for 3 Consecutive Months Amid Declining Global Demand

Manufacturing is moving out of China at an unprecedented rate, experts say

Cargo containers and gantry cranes at Yantian port in Shenzhen, China's southern Guangdong Province, on July 13, 2022. Jade Gao/AFP via Getty Images

News Analysis

China’s new order index in December 2022 was 43.9 percent, down 2.5 percent from November, marking the third consecutive month that the index has fallen. The drop indicates an expanding decline in global demand for China’s manufacturing industry, expert says.