Logo 21 Oct 2025

Demand softens in September

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China’s supply-demand imbalance worsened in September.
Per data released by the stats bureau (NBS) on Monday, industrial value-added (IVA) grew 6.5% y/y last month, up from 5.2% growth the previous month.
Manufacturing growth surged to grow 7.3% y/y, driven by the production of:

Autos – which grew ...