US EditionChina’s factory activity contracts for 7th month, reflecting tariffs pressure on trade
China's manufacturing PMI dropped to 49.0 in October, signaling contraction due to weak domestic demand and trade tensions, marking seven months of decline, officials said.
- China's manufacturing activity contracted for the 7th consecutive month in October, with the Purchasing Managers' Index below 50, signaling economic contraction.
- The prolonged factory slump is exacerbated by trade tensions with the US and difficulty finding new export markets where producers can avoid selling at a loss.
- While economic growth slowed to 4.8% in Q3, Beijing is expected to provide just enough stimulus to meet the full-year target of roughly 5%, without major new measures.
28 Articles
28 Articles
China's factories continue to struggle as the year ends, with activity falling for the seventh straight month, the longest slump in more than nine years. Analysts say manufacturers will need more substantial government aid to weather the storm.
China factory activity stumbles as export orders dry up
China's factory activity shrank for a seventh month in October, dragged by a drop in new export orders as the boost from months of front-loading to beat U.S. President Donald Trump's tariff threats finally wore off.
China factory activity shrinks for 7th month despite trade truce hopes
China's factory activity contracted for the seventh consecutive month in October, the government said Friday, as a newly announced truce in the trade war between the US and China offers some hope for a stronger recovery in exports.
Associated Press News
China's factory activity contracts for 7th month, reflecting tariffs pressure on trade
China has reported its factory activity contracted for a seventh straight month in October, reflecting pressure from higher U.S. tariffs and sluggish domestic demand.
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