Reported 3 days ago
China's manufacturing activity saw a decline in growth for December, with the Caixin manufacturing purchasing managers index dropping to 50.5, signaling concerns over exports and a bumpy recovery. The economy faces uncertainties, particularly with the looming return of Donald Trump to the presidency, who has threatened new tariffs on Chinese goods. Despite these setbacks, Chinese President Xi Jinping expressed optimism about meeting growth targets for 2024 and plans for increased fiscal support in 2025 to boost the economy amid ongoing deflation pressures.
Source: YAHOO