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China’s manufacturing activity contracted in April, according to an official survey, in a sign of the impact of US President Donald Trump’s trade war on the economy.
The country’s official purchasing managers’ index came in at 49, the lowest level since December 2023. A reading of above 50 marks an expansion.
The data covers a period in which a trade war between the US and China escalated dramatically, with tariffs now well over 100 per cent in both directions. China’s official PMI manufacturing gauge had expanded in February and March.
This is a developing story.
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