China manufacturing activity contracts while prices take effect

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China manufacturing activity contracts while prices take effect

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China's manufacturing activity contracted in April, according to an official survey, in a sign of the impact of the trade war of US President Donald Trump against the economy.

The official index of the country's purchasing managers has reached 49, the lowest level since December 2023. A reading of more than 50 brands an expansion.

Data cover a period in which a trade war between the United States and China has intensified, with prices now far greater than 100% in both directions. China's official PMI manufacturing gauge developed in February and March.

It is a story in development.

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