Chinese-made furniture arrives at a warehouse in the US, where orders from retailers have shrank amid the tariff trade war. Photo: Politico

China’s furniture makers hope for trade war’s end as US orders ‘disappear’ following the 25 per cent import tariff

  • Chinese companies hurt by falling orders take a wait-and-see approach to apparent thawing between two largest economies over damaging levies
  • Manufacturers say they have limited room to adjust prices without destroying profit
Topic |   US-China trade war

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Chinese-made furniture arrives at a warehouse in the US, where orders from retailers have shrank amid the tariff trade war. Photo: Politico
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The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) fell to 49.4, down from 50.2 in May. Photo: Reuters

China factory activity contracted in June as US trade war tariff increase in May starts to bite

  • Caixin/Markit Manufacturing Purchasing Managers’ Index fell to 49.4 in June from 50.2 in May, its lowest reading since January
  • Like official PMI released on Sunday by the National Bureau of Statistics, private survey data show manufacturing sector contracted in June
Topic |   China economy

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The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) fell to 49.4, down from 50.2 in May. Photo: Reuters
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