The Caixin Purchasing Managers’ Index dipped below 50.0 for the first time since May 2017 when December’s figures were released on Wednesday, showing manufacturing activities are contracting. Photo: Reuters

China must quickly ‘quench the immediate thirst’ of a deepening economic slowdown, senior economist Yu Yongding says

  • Yu Yongding, a senior research fellow at the Chinese Academy of Social Sciences, is the first domestic economist to call for Beijing to protect the growth rate in 2019
  • President Xi Jinping has already warned of the challenges ahead in 2019, without specifically mentioning the trade war with the United States
Topic |   China economy
The Caixin Purchasing Managers’ Index dipped below 50.0 for the first time since May 2017 when December’s figures were released on Wednesday, showing manufacturing activities are contracting. Photo: Reuters
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