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The containers that are displayed in the puddle after the precipitation are at the port of Yanti in Shenzhen, Guangdong Province, China on May 9, 2025.
Tingshu Wang | Reuters
Beijing-kaliber in China for industrial activity on Thursday showed worse than expected, in July amid slow economic growth and constant tensions in the US.
The proceedings index in July amounted to 49.3, which were absent from 49.7, in accordance with the Reuters survey.
China’s official production of PMI was below 50 characters, which reflects the reduction, not the extension, From April.
US tensions exacerbated in April, imposing tariffs by more than 100% on imports of goods from the other. Both sides agreed in May to cancel most of the additional responsibilities for 90 days.
The truce should end in mid -August. This week, representatives of the two largest economies in the world have finished meeting in Stockholm without announcing the expansion of the agreementwhich was widely expected.
As part of the production of PMI sub-detect, they showed that employment, new orders and inventory of raw materials were also concluded in July. The job index noted to 48, from June 47.9.
The National Bureau of Statistics credits the production of PMI decrease In July, the traditional off -season and factors such as heavy heat and heavy rain in some parts of the country.
In one of the latest cases of extreme weather at least 30 people were killed this week on the outskirts of Beijing after the city issued a red notice of high levels of heavy rainfall, state media reports.
China Exports increased by 5.8% per year in JuneMore than payment of exports to the US, customs data were shown earlier this month.
During the meeting of the Political Bureau at a high level on Wednesday, China’s major leaders did not signal plans for a new significant incentive, although the country is increasing subsidies to encourage people to have more children.
– Anniek Bao in CNBC contributed to this report.
