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Export Decline

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China's Factory Activity Contracts in May Amid Global Trade Tensions
business10 months ago

China's Factory Activity Contracts in May Amid Global Trade Tensions

China's private manufacturing gauge fell to its weakest level since 2022, reflecting a significant contraction due to ongoing trade tensions and tariffs, especially impacting small and medium-sized enterprises, despite a temporary US-China trade truce. The survey indicates declining new orders, export challenges, and reduced production, highlighting the need for government support to bolster domestic demand amid global economic uncertainties.