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
Topic |   China economy

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