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

Originally Published 7 months ago — by Bloomberg

Featured image for China's Factory Activity Contracts in May Amid Global Trade Tensions
Source: Bloomberg

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.