China’s factories take a big blow as Trump’s tariffs bite

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China’s factories take a big blow as Trump’s tariffs bite

— China’s factory activity contracted at its fastest pace in 16 months in April, as steep US tariffs took a heavy toll on the manufacturing sector, adding urgency to Beijing’s efforts to roll out fresh economic stimulus. The manufacturing Purchasing Managers’ Index (PMI) fell to 49.0 in April, the »»»

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