China’s manufacturing activity contracted by the most since 2023 in April, according to an official survey, in an early sign of the economic impact from US President Donald Trump’s trade war.
The country’s official manufacturing purchasing managers’ index came in at 49, the weakest level since December 2023. A reading of above 50 marks an expansion on the previous month.
The data covers a period in which the US-China dispute escalated, with tariffs of well over 100 per cent snarling trade between the world’s biggest importer and exporter and weighing heavily on business and economic confidence.
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