Reported 1 day ago
China's factory activity continued to decline for the seventh straight month in October, with the manufacturing purchasing managers index falling to 49 from 49.8 in September, signaling ongoing contraction. The trade war truce with the U.S. offers some hope for exports, as tariffs are set to decrease; however, global uncertainty and economic conditions—such as a struggling property market—are hindering a robust recovery. The Chinese government aims to shift focus from manufacturing exports to boosting consumer spending.
Source: YAHOO