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Surveys show China manufacturing demand weak amid trade war
« on: September 02, 2019, 04:22:25 PM »
Surveys show China manufacturing demand weak amid trade war
Associated Press
September 2019

https://ph.news.yahoo.com/surveys-show-china-manufacturing-demand-050356633.html

BEIJING (AP) Two surveys of Chinese manufacturing show demand is weak amid a mounting tariff war with Washington over trade and technology.

A monthly purchasing managers' index released by a business magazine, Caixin, rose to 50.4 from July's 49.9 on a 100-point scale on which numbers above 50 show activity increasing.

That indicates "renewed improvement" but said a gauge of new orders fell to its lowest level this year, the magazine said.

A separate survey released Saturday by an industry group, the China Federation of Logistics & Purchasing, showed activity declining to 49.5 from July's 49.7. It said market demand was "relatively weak."

Chinese exporters are struggling in the face of U.S. tariff hikes. Exports to the United States, their biggest market, fell 6.5% in July.

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