{"id":439498,"date":"2021-10-01T08:12:24","date_gmt":"2021-10-01T02:42:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=439498"},"modified":"2021-10-01T09:20:25","modified_gmt":"2021-10-01T03:50:25","slug":"china-power-cuts-bite-factory-output-shrinks-after-18-months","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/china-power-cuts-bite-factory-output-shrinks-after-18-months\/","title":{"rendered":"China power cuts bite: Factory output shrinks after 18 months"},"content":{"rendered":"<p>Activity in China\u2019s vast factory sector contracted in September for the first time since the pandemic began, the latest sign of deceleration in the world\u2019s second-largest economy.<\/p>\n<p>The drop in the official manufacturing purchasing managers\u2019 index below the 50-mark, which signals a decline in output, shows the damage a widespread electricity crunch is having on growth.<\/p>\n<p>Goldman Sachs has lowered the year-on-year forecasts for China&#8217;s economy to 4.8 per cent in the third quarter and 3.2 per cent in the fourth quarter of 2021 compared to 5.1 per cent and 4.1 per cent a year ago, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Activity in China\u2019s vast factory sector contracted in September for the first time since the pandemic began, the latest sign of deceleration in the world\u2019s second-largest economy. The drop in the official manufacturing purchasing managers\u2019 index below the 50-mark, which signals a decline in output, shows the damage a widespread electricity crunch is having on growth. Goldman Sachs has lowered the year-on-year forecasts for China&#8217;s economy to 4.8 per cent in the third quarter and 3.2 per cent in the fourth quarter of 2021 compared to 5.1 per cent and 4.1 per cent a year ago, respectively.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-439498","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/439498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=439498"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/439498\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=439498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=439498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=439498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}