Posted inBeijing, China, World

China’s factory activity on the slide as trade war escalates

The slowdown continues. Manufacturing activity in China increased at a snail-like pace in August, the independent Caixin/Markit Manufacturing Purchasing Managers’ Index has confirmed. Data from the privately compiled PMI also showed that export orders shrank for the fifth month. The gloomy numbers reinforced concerns that the world’s second-largest economy is cooling as the trade war […]

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