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 | CNN Business

^{Published on 2025-05-09 20:41:07 - CNN}

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.

In April 2025, China's manufacturing sector showed signs of recovery as the official purchasing managers' index (PMI) rose to 50.4, indicating expansion after six months of contraction. This improvement comes amidst ongoing trade tensions, with the United States considering new tariffs on Chinese goods, particularly in technology and renewable energy sectors. The Caixin PMI, which focuses more on small and medium-sized enterprises, also reflected growth at 51.4, suggesting a broad-based recovery. Despite these positive indicators, concerns remain about the sustainability of the recovery due to global economic uncertainties and potential retaliatory measures from trade partners.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/04/30/business/china-pmi-factory-activity-tariffs-hnk-intl/index.html ]

N@N

China's factories take a big blow as Trump's tariffs bite | CNN Business