US EditionChina’s factory activity drops to a near two-year low in April as trade tariffs bite
- China's manufacturing activity contracted in April 2025, reaching its fastest decline in nearly two years amid ongoing trade tensions and economic challenges.
- The contraction followed a prior month of growth influenced by businesses accelerating shipments to avoid steep US tariffs that came into force in April 2025.
- The National Bureau of Statistics reported the Purchasing Managers' Index fell to 49 in April, below the 50 threshold that separates growth from contraction.
- NBS statistician Zhao Qinghe explained that the decline was due to previously strong manufacturing expansion and significant changes in the global environment, while tariffs on numerous Chinese products reached as high as 145 percent.
- This contraction signals potential broader economic slowdown risks for China, which faces sluggish domestic demand, a property crisis, and ambitious annual growth targets of 5 percent in 2025.
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US economy shrinks amid chaos of Trump tariffs and trade wars
There was an air of celebration at the White House today as Mr Trump's Cabinet members lined up one after another to praise him, while JD Vance criticised the press for failing to focus on positive stories.
·London, United Kingdom
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Following Massive Surge in First Quarter USA Purchases, Chinese Manufacturing Output Now Drops in Second Quarter - The Last Refuge
This next story is a natural outcome in the flow of goods. Remember, the Bureau of Economic Analysis (BEA) of the first quarter is a hindsight review. Meaning the information released today was based on activity in January, February and March 2025. U.S. companies surged the purchasing of import goods, mostly from China, by more […]
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