Chinese industry has experienced the worst month since the beginning of 2009

Almaty. September 23. Silkroadnews - The index of business activity in the manufacturing sector (PMI) of China's economy has decreased to a minimum of 78 months, reported RBC.
"On the reduction of the index of business activity in the manufacturing sector in China, which is calculated by the Chinese business magazine Caixin, reports Financial Times. The September PMI index fell to 47 points (from 47.3 points in August). New data indicate that the Chinese economy is experiencing worst month since the financial crisis in 2009. An index value below 50 indicates weakness in industrial production. PMI Indicator in China's industry is declining for the seventh month in a row", - says the publication Wednesday.
According to economist at HSBC Julia Wong, data released today underscore the serious obstacles to the transition to a growth of demand in the global economy. J. Wong believes that Beijing should continue countercyclical measures, which should have a positive impact on investments in industry.
Some economists expect that economic activity will recover in industrial production, indicating the data on PMI only show that industrial production started to play a smaller role in the economy of China, which proceeds to increase due to the service sector. According to analysts of investment bank TD Securities, China's GDP data can bring surprises to the "plus", as the PMI index did not take into account the growing data of services.
In mid-September it became known that the Chinese authorities are going to withdraw from the regional budget 1 trillion yuan to support the economy (unspent funds). The growth of China's economy is now at 25 years minimum.