China’s deputy-ministerial stats agency under the State Council
China's anti-corruption drive has extended to the coal sector, with a Shanxi mine official under investigation as authorities broaden inspections following May's deadly blast. Reports say the probe targets discipline and law violations, underscoring ongoing reforms in the province's heavy industry.
China has expanded 4.3% year on year in Q2, the slowest pace in over three years. Exports have helped but domestic consumption remains sluggish, with a trade surplus widening as global demand for AI-driven goods supports shipments. Analysts caution that sustained growth depends on domestic demand improving.
August PMIs have shown UK services and manufacturing have expanded while construction has contracted sharply; Saudi business confidence has held above the 50 threshold and strengthened in industry and services; Chinas official manufacturing PMI has hovered just below 50, signaling weak but stabilising activity. Surveys point to resilient demand offset by housing weakness and higher energy costs.