China services activity slips, adding to risk of rapid slowdown

Trump’s Tariffs Trigger Turmoil In China As Country’s Economic Tailspin Intensifies Per New Data

China’s services sector is buckling under U.S. tariffs, with new data showing a dramatic slowdown in April.

Risk of rapid slowdown as China services activity slips

The latest disappointing reading will further stoke fears that the economy risks a rapid slowdown starting in the second quarter after a solid start to the year.

China services activity slips, adding to risk of rapid slowdown

Factory activity already took a hit from massive US tariff hikes in April. Read more at straitstimes.com.

China’s Services Growth Hits 7-month Low As Tariffs Bite, Caixin PMI Shows

BEIJING (Reuters) — China's services activity expanded at the slowest pace in seven months in April, with new orders growth slackening from March, weighed by uncertainty caused by U.S. tariffs, a private sector survey showed on Tuesday.

Tariffs Are Having a Dramatic Impact on China's Economy

NZD/USD remains vulnerable near 0.5950 due to weak Chinese PMI data

NZD/USD has a hard time following frustrating Chinese financial information. China’s Caixin Solutions PMI was up to 50.7 in April from 51.9 in March, well listed below the projection of 51.7. The United States Dollar gets assistance from expectations that the Federal Reserve will hold rates constant on Wednesday. NZD/USD is pulling away around 0.5960 throughout Tuesday’s Asian session after 2 successive days of gains. The pullback follows a decr…