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AmextaFinance > News > China’s manufacturing activity contracts as tariffs take effect 
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China’s manufacturing activity contracts as tariffs take effect 

News Room
Last updated: 2025/04/29 at 10:44 PM
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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

China’s manufacturing activity contracted in April, according to an official survey, in a sign of the impact of US President Donald Trump’s trade war on the economy.

The country’s official purchasing managers’ index came in at 49, the lowest level since December 2023. A reading of above 50 marks an expansion.

The data covers a period in which a trade war between the US and China escalated dramatically, with tariffs now well over 100 per cent in both directions. China’s official PMI manufacturing gauge had expanded in February and March.

This is a developing story.

Read the full article here

News Room April 29, 2025 April 29, 2025
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