Factory activity in China is expected to have contracted for the fourth straight...
BEIJING - Factory activity in China is expected to have contracted for the fourth straight month in August, a Reuters poll showed, as the United States ratcheted up trade pressure and domestic demand remained sluggish.
Further signs of contraction, following surprisingly weak July data, would add to views that the world’s second-biggest economy is continuing to lose momentum, heightening fears of a global recession. “Move out from China. That’s the only way for now,” said a Hong Kong exporter surnamed Lau in China, whose metal-coating products would be subject to a higher 30% tariff in October.
The bank lowered its growth forecasts for the coming four quarters, taking down sequential growth by 20 basis points each in the third quarter and the fourth, to annualized rates of 5.6% and 5.8%, respectively.The sudden deterioration in trade ties has prompted speculation over whether China needs to start rolling out more forceful measures to keep growth from sliding below 6% this year.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Google is reportedly going to make its Pixel phones in an old Nokia factory in Vietnam to escape Trump's China tariffsGoogle has already started work converting an old Nokia factory in northern Vietnam to make Pixel phones, sources told Nikkei Asian Review.
Leer más »
Joe Biden Is The Only Man Who Can Save China In 2020Only Biden can save China.
Leer más »
Trade insiders say Trump’s botching chances of a China dealTrade insiders say Trump's aggressive moves with China are botching his chances for any long-term trade deal
Leer más »
Trade Deal Or Not, China Is Investing Big In Synthetic BiologyFor China, synthetic biology is not just an academic pursuit: it’s a tool to achieve its national needs and achieve global technological leadership. Will the US follow suit?
Leer más »
Exclusive: Boeing CEO eyes major aircraft order under any U.S.-China trade dealExclusive: Boeing's CEO tells Reuters that a major aircraft order from China could result from any trade deal with the U.S. Tit-for-tat tariffs have forced Boeing to walk a geopolitical tightrope for more than a year
Leer más »
Australian writer faces espionage charge in ChinaThe Australian government said on Tuesday it was “very concerned and disappointed” that a Chinese Australian writer had been formally arrested in China on suspicion of espionage.
Leer más »