China’s factory activity drops to a near two-year low in April as trade tariffs bite

The markets: China takes a beating while U.S. resilience continues

Markets in China were down this morning on gloomy macroeconomic data showing a possible contraction of activity caused by President Trump’s trade war. The S&P 500, by contrast, notched six straight days of gains on hopes that as Trump makes further compromises on tariffs the worst may be behind us. The trade war has begun to take its toll on Chinese stocks, which until recently had been more resilient than U.S. equities to President Trump’s inco…

China’s factories take a big blow as Trump’s tariffs bite

China’s factory activity contracted at its fastest pace in 16 months in April, as steep US tariffs took a heavy toll on the manufacturing sector, adding urgency to Beijing’s efforts to roll out fresh economic stimulus.

China's manufacturing contracts in April despite stimulus measures

China factory activity gives alarming first look at tariff damage

PMI readings offer the first official look at the health of China’s economy after the Trump administration imposed tariffs of 145 per cent on exports.

China's manufacturing industry is much more pessimistic about the future because of US tariffs. The mood may also be dim: Beijing is trying to show strength with a propaganda video.

China's manufacturing shrinks in April as trade war bites

China's manufacturing activity shrank in April after growing at its highest rate in a year the previous month, official data showed Wednesday, as Beijing fights an intensifying trade war with the United States.