China’s purchasing managers’ index showed that manufacturing industry activity continued to contract in July. Photo: Reuters
China’s purchasing managers’ index showed that manufacturing industry activity continued to contract in July. Photo: Reuters

China braces for tough second half of 2019 as it increases focus on domestic economy in escalating trade war

  • Manufacturing activity, industrial profits, car sales, exports and gross domestic product growth have all suffered in part due to the US trade war
  • China’s top leadership has rejected massive stimulus, instead opting to continue targeted support and reliance on consumer spending to help stabilise growth

China’s purchasing managers’ index showed that manufacturing industry activity continued to contract in July. Photo: Reuters
China’s purchasing managers’ index showed that manufacturing industry activity continued to contract in July. Photo: Reuters
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