Chinese companies are shedding staff as margin pressures intensify

Activity across Chinas giant services sector improved modestly in September, helping to offset renewed weakness in manufacturing.
Despite the modest improvement in overall activity levels, firms shed staff, reporting a reduction in order backlogs and intense margin pressures.
Activity in Chinas manufacturing sector was unchanged in September, the weakest result in nearly a year.

Activity across Chinas giant services sector improved modestly in September, helping to offset renewed weakness in manufacturing.

However, from a longer-term and broader perspective, Chinas economy has clearly lost some momentum in recent months.

Chinese companies are shedding staff as margin pressures intensify – Business Insider Australia