The Caixin manufacturing purchasing managers’ index (PMI), which polls small private sector factory owners in China, fell for the first time in five months to 51.5 in December from 51.8 in November, according to data released on Thursday. Photo: Reuters

Trade war’s ‘bigger than imagined’ shock and China’s economic slowdown weigh on small factories

  • Caixin manufacturing PMI showed weaker activity in December than November, despite the US and China reaching a trade war truce that averted new tariffs
  • Analysts downbeat about prospect of recovery, with slowing economy and residual tariff impact providing significant risks to manufacturers
Topic |   China economy

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The Caixin manufacturing purchasing managers’ index (PMI), which polls small private sector factory owners in China, fell for the first time in five months to 51.5 in December from 51.8 in November, according to data released on Thursday. Photo: Reuters
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Sidney Leng

Sidney Leng

Sidney Leng joined the Post in 2015 after spending a year and a half working for US media, including National Public Radio and Foreign Policy Magazine. He has been covering China's macroeconomic policies and financial regulations since 2016.