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.
We highly value independence. Yuan Talks is solely funded by subscriptions from readers like you.
What you'll get:
- High-quality & in-depth reporting on the most important topics about China's economy and financial markets
- Daily Brief newsletter to give you a full picture of what's happening in China every weekday
- Exclusive interviews with China experts
- Conference calls and events
We are not content with general information that you can get everywhere. We go deeper to get details, data and perspectives you won't read elsewhere!
Already have an account? Sign In