China’s factory activity falls to almost two -year minimum in April when trading tariffs bite

China’s industrial activity decreased more than expected by nearly two -year minimum, sliding on the territory of the reduction in April As an escalation of a trade war with the United States, it hurts bilateral trade.

According to the National Bureau of Statistics, an official procurement management index appeared on Wednesday Wednesday on Wednesday on Wednesday on Wednesday on Wednesday on Wednesday on Wednesday on Wednesday on Wednesday on Wednesday on Wednesday on Wednesday on Wednesday on Wednesday on Wednesday on Wednesday on Wednesday on Wednesday on Wednesday on Wednesday on Wednesday on Wednesday on Wednesday, an official procurement management index appeared 49.0, which for the first time since January dropped below 50 levels, which determines the extension.

This reading missed analysts’ expectations for reducing 49.8 in the Reuters poll, which noted a noticeable slowing after China’s production activity grew on it The fastest speed in the year in MarchAs exporters overloaded the weekend to avoid higher duties.

In a similar direction of Caixin/S&P Global Manufacturing PMI slowed down to 50.4 in April From 51.2 in the previous month, which indicates a modest extension and better than the 49.8 analyst’s forecast.

PM Bureau of Statistics for Unbalance Activities covering services and construction has fallen modestly on 50.4 in April out of 50.8 in the previous month.

This year US President Donald Trump introduced a total new tariffs of 145%, and most of these tariffs Entry into force in AprilAfter his ads “Release”. This brings common tariffs to some foods from China to up to 245%According to A a AR Fict released by a white home.

China avenged New levies in 125% on American goods Before deciphering the Washington’s excessive tariffs as “Meaningless game numbers”.

Trade flows between the two countries were “severely broken” after hiking for the tariff forces, Chathan Ahia, the chief economist of Asia in Morgan Stanley, said on Monday, with the number of ships that travel from China to the United States, which fell dramatically a year.

Despite the small evidence of progress, made in trade talks between the two countries, recent reports suggested that some tariff assistance on the ground on the ground, as both governments sought to dull the economic consequences of punitive tariffs.

As reported Pharmaceuticals, aerospace equipment, semiconductors and ethan Imports.

On Wednesday, Trump signed Executive order The release of foreign cars and spare parts imports from additional levies after the tariffs to a number of electronic products, including Earlier this month.

However, Nomura estimates that about 2.2% of China’s gross domestic product will directly affect 145% of the US tariffs, and about 9 million jobs in China’s production sector are directly subjected to Trump tariffs.

Y en Meeting Economic Policy Last week, the Chinese authorities pledged to support the enterprises and workers most affected by the effects of massive US tariffs while Alarms of urgency In order to implement a more active fiscal policy and “moderately free” monetary policy to support the economy.

While a number of major banks on Wall -Rate reduced its Chinese GDP forecasts for the year, citing trading winds, Beijing once again confirmed that this “Completely sure” Achievements of the high goal of this year “about 5%”.

“This year is likely to require doubling of tariff stimulation,” said Dan van, director of China for a consulting firm Rust Eurosia Group, which expects China’s exports to fall asleep as a result of the current trade war.

Wang said Beijing would need to deploy at least 2 more yuan to resist 2% loss, Van said.

While Trump administration insisted on trading negotiations with Chinese leading officials in Beijing repeatedly refuses What it was in any negotiations to resolve tariff disputes with Washington.

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