China Manufacturing Activity Declines

This is a China news story, published by CNBC, that relates primarily to Reuters news.

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Chinese goods

CNBC

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Business

Business & Economics

China's factory activity drops to a near two-year low in April as trade tariffs bite

Summary

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88% Informative

China 's manufacturing activity fell more than expected to a near two-year low, sliding into contractionary territory in April .

The official purchasing managers' index came in at 49.0 in April , falling below the 50 -level threshold, which determines expansion from contraction, for the first time since January .

The reading missed the analysts' expectations for a 49.8 contraction in a Reuters poll, marking a notable slowdown.

China 's exports to the U.S. to decline by half as a result of the ongoing trade war.

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English

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