Speaking at a media briefing on Tuesday, Wang Bin, deputy director of the Ministry of Commerce’s market operation department, said retail sales growth for the first half of 2019 could rise 8.2 per cent, a slight increase from the 8.1 per cent recorded in the first five months. Photo: Simon Song

China’s service sector growth slows to lowest level in four months as trade war hits orders, sentiment

  • Caixin/Markit services purchasing managers’ index (PMI) fell to 52.0 in June from 52.7 in May, indicating further pressure on Chinese firms
  • Impact on exporters remains despite President Xi Jinping and US counterpart Donald Trump agreeing to a trade war truce at the G20 summit in Japan
Topic |   China economy

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Speaking at a media briefing on Tuesday, Wang Bin, deputy director of the Ministry of Commerce’s market operation department, said retail sales growth for the first half of 2019 could rise 8.2 per cent, a slight increase from the 8.1 per cent recorded in the first five months. Photo: Simon Song
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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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