China's manufacturing activity contracted for the first time since July 2016, the latest sign of a slowdown in the the world's second largest economy amid trade tensions with the United States.
The manufacturing purchasing managers' index (PMI) came in at 49.4, shows data released by the National Bureau of Statistic on Monday. That's compared to a reading of 50 in the previous month and lower than 50 expected by analysts.
To continue reading, please subscribe. You will get
- Original and in-depth reporting on China's economy and financial markets
- Details, data and perspectives you don't read elsewhere
- THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
- Daily Brief newsletters to get you prepared for every trading day
We highly value independence. We are solely funded by subscriptions from thousands of readers like you.
Already have an account? Sign In