China August factory activity shrinks for fourth month: official PMI
The data showed activity at medium and small-sized firms contracted, even as large manufacturers, many backed by the government, managed to expand in August.
After Beijing hit back with retaliatory tariffs, Trump said existing levies would also be raised in coming months. The combined moves now effectively cover all of China’s exports to the United States. Trump said on Monday that China wants to reach a deal “very badly”, citing what he described as increasing economic pressure on Beijing and job losses.
Growth in China’s services sector activity picked up for the first time in five months in August, with the official numbers from a separate business survey rising to 53.8 from 53.7 in August.Beijing has been relying on a strong services sector to cushion some of the economic impact from trade uncertainties and sluggish manufacturing activities.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Wall Street stalls to end weak August as China tariffs loom ahead of U.S. holidayWall Street ended the week with a lackluster session on Friday as investors were...
Leer más »
China, U.S. trade negotiating teams maintaining 'effective communication': ChinaChinese and U.S. trade negotiating teams are maintaining effective communication...
Leer más »
Google to move Pixel smartphone production out of China into Vietnam, Nikkei reportsThe move comes as labor costs are rising in China along with added pressure from spiraling tariffs due to the ongoing Sino-U.S. trade tensions.
Leer más »
New China tariffs a 'job killer,' US industry tells TrumpPresident Donald Trump&39;s new tariffs on Chinese goods are a "job killer" that will slam consumers and could make a recession more likely, industry groups said Wednesday. The latest cry for peace in Trump&39;s year-long trade war came just days before the first in series of tariff increases
Leer más »
China hopes US will create conditions necessary for September trade talksChina’s Commerce Ministry expects a favourable outcome from the next round of face-to-face trade talks with the US scheduled in September, as tensions between the world's two largest economies grow.
Leer más »
The US-China Trade Cold War could soon affect the global tech supply chainThe tech industries in China and the US have been inextricably linked. Almost all iPhones are made in China.
Leer más »