Reported 1 day ago
A Reuters poll indicates that China's manufacturing activity is expected to contract for a second consecutive month in May, reflecting ongoing trade tensions with the U.S. and EU. Economists predict that the official purchasing managers' index (PMI) will show a slight increase to 49.5, though it remains below the growth threshold of 50. The country's economy, heavily reliant on exports, is at risk from U.S. tariffs and moves from the EU regarding anti-dumping measures, prompting expectations for increased monetary and fiscal stimulus from Beijing to stabilize growth.
Source: YAHOO