China's factory activity contracts for 7th month, reflecting tariffs pressure on trade
Update: 2025-10-31
Description
China's factory activity continues to decline, with the PMI dropping to 49 in October, indicating contraction. However, there's a glimmer of hope as the U.S. reduces tariffs on Chinese goods, potentially boosting exports. Despite this, uncertainty persists, and China is seeking to diversify its markets. The slowdown is also partly due to the Golden Week holiday and complex global conditions. China's leaders remain focused on manufacturing, particularly high-tech projects, as they navigate economic challenges.
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