An index reading above 50 indicates growth, while anything below 50 indicates a contraction. Photo: AFP

China’s manufacturing index drops into negative territory in May as economic pressures mount

  • The manufacturing purchasing managers’ index (PMI), a gauge of sentiment among factory operators, fell to 49.4 in May
  • This was a decrease on April’s performance of 50.1, and below the median expectations of a poll of Bloomberg analysts, which had predicted a drop to just 49.9
Topic |   China economy

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An index reading above 50 indicates growth, while anything below 50 indicates a contraction. Photo: AFP
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Chinese authorities have kept foreign reserves stable at around US$3.1 trillion since burning through almost US$1 trillion between mid-2014 and 2017 to defend the yuan. Photo: Bloomberg

Does China have enough US dollars to survive the US trade war?

  • China’s US$3.1 trillion in foreign exchange reserves may not be sufficient to support a crisis in the economy, analysts say
  • Authorities have kept foreign reserves stable at around US$3.1 trillion since burning through almost US$1 trillion between mid-2014 and 2017 to defend the yuan
Topic |   US-China trade war

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Chinese authorities have kept foreign reserves stable at around US$3.1 trillion since burning through almost US$1 trillion between mid-2014 and 2017 to defend the yuan. Photo: Bloomberg
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