China’s manufacturing purchasing managers’ index fell by 0.2 points in August as the trade war continued to bite. Photo: Xinhua

Escalating trade war continues to hit China’s manufacturing, with slump continuing into August

  • The manufacturing purchasing managers’ index, released by the National Bureau of Statistics on Saturday, was 49.5 in August
  • Figure adds to a month of woe for policymakers in Beijing, even ahead of planned US tariff increases on September 1, October 1, and December 15
Topic |   China economy

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China’s manufacturing purchasing managers’ index fell by 0.2 points in August as the trade war continued to bite. Photo: Xinhua
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