#FactoryActivity

[enterprisewired]

China’s Factory Activity Likely Remained in Contraction for Fifth Straight Month in September

[Source – wsj.com]

China’s factory activity likely remained in contraction for the fifth consecutive month in September, as domestic demand continues to weaken and global trade barriers increase, hampering the world’s second-largest economy. A Reuters poll of 22 economists projects the official purchasing managers’ index (PMI) will rise slightly to 49.5 from August’s 49.1 but still fall below the crucial 50-point mark, which separates growth from contraction in manufacturing activity.

Manufacturing Sector Faces Persistent Struggles

China’s factory activity has been under significant pressure, grappling with falling producer prices and a drop in orders. The latest blow came with August’s industrial profits plunging by 17.8% year-on-year, the largest decline this year and a stark contrast to July’s 4.1% growth. The downturn highlights the mounting challenges policymakers face in achieving China’s 2024 growth target of around 5%.

Economists are calling for more aggressive stimulus measures to revitalize the sector, particularly as the country entered the second half of the year with a shaky economic outlook. This continued contraction signals that without bold interventions, the government could struggle to steer the economy back toward stability.

Pressure Mounts for Government Intervention

As China’s economic slowdown persists, recent data indicates that the recovery remains fragile. In an unusual September Politburo meeting focused on economic issues, China’s top leaders acknowledged “new problems” facing the economy and called for stronger policies to stimulate growth. The leadership also stressed the importance of halting the ongoing decline in the property market and deploying additional fiscal spending as needed.

This meeting followed closely on the heels of China’s announcement of its most significant stimulus package since the COVID-19 pandemic, reflecting growing anxiety among officials about China’s factory activity and the overall economic situation. Reuters also reported that the government is expected to issue around 2 trillion yuan ($285.16 billion) in special sovereign bonds to support consumer spending and ease local government debt burdens, aligning with economists’ recommendations for more robust fiscal policies.

Global Trade Barriers Cloud Economic Outlook

China’s reliance on exports for economic recovery is facing new headwinds as Western nations, particularly the United States and the European Union, introduce trade restrictions. The U.S. is set to impose steep tariffs on Chinese products, including electric vehicles (EVs), starting Friday, with the EU expected to make a decision soon on potential tariffs on Chinese EVs. These trade restrictions could further cloud the outlook for China’s manufacturing sector.

Meanwhile, analysts predict that the private sector Caixin PMI will come in at 50.5, narrowly escaping contraction. Both the official PMI and the Caixin PMI are scheduled for release on Monday, offering clearer insight into the state of China’s manufacturing economy.

[labourlawconsultants]

G&CC is experts in handling diverse requirement of the Factory Act compliances with an efficient sizeable team of compliance and labour law experts.

Our Services! What We Do.

Registration/Amendment/Renewal/Exemptions/Permission under the Factory Act, 1948 and The Building &Other Construction Workers (R.E &C) Act 1996.

Computerized statutory records and Late Night Women Working Permission.

Factory Licence, Factory building Plan and Standing Order Approval

Issuance of Assessment/NOC under the Building &Other Construction Workers (R.E &C) Act 1996.

Maintaining Notice Board Compliances under applicable labour laws.

Advantage with G&CC

Good Liaison with the Government Departments.

In house developed Software to meet your particular requirements.

Expertise in handling large volume data & multi locations across the country.

Experience of handling green field projects

100% hassle free compliance with 100% peace of mind

Contact Us

HEAD OFFICE B2B/3, Janakpuri, New Delhi-110058 BRANCH OFFICE Plot No. 28, adjacent Infocity II, Near Hero Honda Chowk, Sector 33, Gurugram.-122004

Phone: 8744079903

Email:contact@guptaconsultants.com

Visit: https://labourlawcompliance.in/

[guptaconsultants-blog]

🛡️ Ensure Smooth Business Operations with Expert Labor Law Compliance! 🛡️

At Gupta Consultant, we help businesses navigate the complexities of labor law compliance so you can focus on what matters—growing your business! 🏢💼

Our Labor Law Services include: ✅ Contract Labour Compliances✅ Factory Act Compliances✅ Establishment Compliance✅ PF & ESIC Compliance✅ Shop Act Registration✅ Payroll Processing & Outsourcing

💼 Why Choose Us?Our experts ensure that your business meets all statutory requirements, saving you from penalties and ensuring smooth operations. From registration to compliance audits, we’ve got you covered!

📞 Get in TouchFor personalized consultation and services, call us at +91-8744079902 or visit https://www.guptaconsultants.com/services/labour-laws-licensing/

[39minutesplaylist]

(39 Minutes Playlist)

PLAYLIST 17.Mar.2022 8tracks/39:47

https://soundcloud.com/39minutesplaylist

1. Sons et al. - Day By Day https://soundcloud.com/sons-et-al https://open.spotify.com/artist/1ql7PV2TyCrESisqujGyXM

2. Pixx - Grip https://soundcloud.com/pixxmusic https://www.facebook.com/PixxMusic https://open.spotify.com/artist/6QDPfX2YaZAGJnhpClg8Jo

3. Let's Eat Grandma - It's Not Just Me https://soundcloud.com/lets-eat-grandma https://www.facebook.com/thelegofgrandma https://open.spotify.com/artist/4qNZw759AdHSMugyDMrIlF

4. Hana Maru - Like Royalty https://soundcloud.com/hana_maru_music https://open.spotify.com/artist/3J7RBP2Xwwv2o34eDqjgOC

5. One Day Diary - Be My Shelter https://soundcloud.com/onedaydiary https://www.facebook.com/onedaydiarymusic https://open.spotify.com/artist/57eDNLd4Mcpl8DoS1EI8aV

6. SAATSUMA - Without U Again https://soundcloud.com/saatsuma https://open.spotify.com/artist/4hFzICfnNddlXJaVgdfRVZ

7. Lawless - Tribe https://soundcloud.com/mark84

8. factory acts - Ants https://soundcloud.com/factoryacts https://www.facebook.com/FactoryActs https://open.spotify.com/artist/0YdFctSLIdN3meK55ZlvVN

[anilais-things]

ESI CONSULTATION SERVICES

We provide Consultancies to Companies with regards to their requirements under various Labour Laws, PF, ESIC, Factory Act applicable to respective jurisdiction. Our services range from Consultancy on Statutory Obligations, Structuring of Compliance Modules etc.

For details visit us bit.ly/3jZKGkq

#esi #pfservices #factoryact #statutory  #companyServices #accountingservices #advisorservices #businessconsultancy #companyformation #consultancyservices

[newshourbd]

Factory activity in China fell at a record rate due to Coronavirus

#Factoryactivity in China fell at a record rate due to #Coronavirus

Factory activity in China fell at a record rate in February, as manufacturers closed their operations to contain the spread of coronavirus.

The country’s official measure of manufacturing activity – the Purchasing Manager’s Index (PMI) – dropped to 35.7 from 50 in January.

It shows the virus is having a bigger impact than the financial crisis that shook the world last decade, reports BBC.

The…

[nadineshahtmblrtwitter]

@FactoryActs: @nadineshah Saw some of those vile comments from total idiots. I’ve a few on my band page today too. Always been a Smiths/Mozz fan but he is beyond bearable so I cancelled my album order w/ an email explaining to Piccadilly Records who were completely understanding

http://twitter.com/FactoryActs

[guptaconsultants-blog]

🔧 Ensure Smooth Operations with Factory Act Compliance!

At Gupta Consultants, we specialize in helping businesses stay compliant with the Factory Act regulations. From registrations to audits, our expert team ensures that your factory meets all legal requirements, allowing you to focus on growth.

👉 Contact us today for a consultation!

📞 +91-8744079902🌐 https://www.guptaconsultants.com/services/factory-act-compliances/

[nadineshahtmblrtwitter]

@FactoryActs: @nadineshah Who is playing with you in Manchester? Have a great show!

http://twitter.com/FactoryActs

[nadineshahtmblrtwitter]

@FactoryActs: @nadineshah @DanGumble Not the pickled monster munch? No shame

http://twitter.com/FactoryActs

[nadineshahtmblrtwitter]

@FactoryActs: Love @nadineshah such a unique voice, and has plenty to say. Check her out now. https://t.co/gPnFfjYX4O

http://twitter.com/FactoryActs

[nadineshahtmblrtwitter]

@FactoryActs: @silent_radio Love @nadineshah saw her years ago. Such a powerful voice and aesthetic. Great to hear the return of a menacing bass sax

http://twitter.com/FactoryActs