The Caixin manufacturing purchasing managers’ index (PMI) slumped to 48.3 in January from 49.7 in December, meaning Chinese manufacturing sector activity contracted for the second month in a row, and at a faster speed than the month before. Photo: Xinhua

China factory outlook darkens due weak domestic demand, but how will Beijing respond?

  • The Caixin manufacturing purchasing managers’ index (PMI) dropped to a three-year low, with sector contraction deepening
  • Trade deal between the administrations of President Xi Jinping and American counterpart Donald Trump seen as important to halt slowdown
Topic |   China economy

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The Caixin manufacturing purchasing managers’ index (PMI) slumped to 48.3 in January from 49.7 in December, meaning Chinese manufacturing sector activity contracted for the second month in a row, and at a faster speed than the month before. Photo: Xinhua
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