China’s Factory Slump: US Trade Tariffs Fail to Deliver Expected Blow
China’s April manufacturing PMI plummeted to 49.0, its lowest point since May 2023, signaling a contraction driven by escalating trade tensions with the U.S. Sub-indexes for production and new orders also fell sharply, reflecting weakened demand. This downturn follows March’s unexpectedly strong growth, attributed to preemptive exports. The government acknowledges the impact of external factors and plans to coordinate domestic policies with trade dispute responses.
John Q. Hosedrinker