Business confidence in China's manufacturing industry reaches 50, a turning point in economic judgment, falling for 4 consecutive months. Main reason for this is the continued stagnation in domestic demand due to the prolonged slump in the real estate market.
By company size, the ratio is 50.4 for large companies, 48.9 for medium-sized companies, and 47.2 for small companies. In China, on the 29th, a Hong Kong court issued a liquidation order to real estate giant Evergrande Group, and there are concerns about its impact.