China Manufacturing Sinks Again in July as US Trade Talks Stall
CHINA, JUL 31 – China's manufacturing Purchasing Managers' Index fell to 49.3 in July, marking the fourth month of contraction amid slower growth, trade tensions, and severe weather disruptions, officials said.
- China's manufacturing sector contracted unexpectedly in July, with the official Purchasing Managers' Index at 49.3, signaling shrinking production.
- This contraction followed escalating U.S.-China trade tensions beginning in April, including tariffs over 100% and a 90-day truce set to expire in mid-August.
- Natural disasters such as northern floods killed at least 48 people and displaced tens of thousands, while domestic demand weakened amid a debt crisis and low consumption.
- Economist Huang observed that the new export orders index declined as elevated tariffs started to have an impact again, noting that much of the recent slowdown in demand seems to be driven by domestic factors.
- The contraction and stalled trade talks imply ongoing economic challenges for China, with top leaders not signaling new stimulus despite slower growth and export pressures.
59 Articles
59 Articles
China's manufacturing activity contracted for the fourth consecutive month in July, a more than analysts had expected amid Beijing's efforts to reach a trade deal with the United States, the French news agency AFP reported.
China factory activity cools as demand abroad, at home weakens
BEIJING: China's manufacturing activity shrank for a fourth straight month in July, an official survey showed on Thursday, suggesting a surge in exports ahead of higher US tariffs has started to fade while domestic demand remained sluggish. © New Straits Times Press (M) Bhd
Manufacturing activity eases in China
Data from the National Bureau of Statistics (NBS) showed that the purchasing managers' index (PMI) for the country's manufacturing sector stood at 49.3 in July, down 0.4 percentage points from June, suggesting a surge in exports ahead of higher US tariffs was starting to fade. The PMI for the non-manufacturing sector came in at 50.1, down from 50.5, with readings above 50 indicating expansion and below 50 reflecting contraction. July's reading s…
The Paintsville Herald
China manufacturing sinks again in July as US trade talks stall
China's factory output shrank more than expected in July, official data showed on Thursday, logging its fourth straight month of contraction as Beijing battles to hammer out a trade deal with the United States.
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