China Cracks: Manufacturing Sector Contracts for First Time Since Trade War Began
The trade war appears to be hurting China more than expected
China’s private manufacturing sector contracted in December, according to a survey released Wednesday.
The Caixin manufacturing purchasing managers’ index, which mainly tracks private factories, fell to 49.7 in December from 50.2 in November. Any reading below 50 indicates a contraction. The private PMI has been above 50 since May of 2017. -- More....
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