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China's manufacturing sector contracts in Dec as trade war hits factories

Private version of Purchasing Managers' Index shrinks under 50-point mark to 49.7

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The downbeat data ends a tough year for China which is engaged in an ongoing trade war with the United States, its main trading partner. A slew of tit-for-tat tariffs have impacted its whole manufacturing chain as well as dented consumer confidence.

Beijing

CHINA'S manufacturing sector contracted last month for the first time in nearly two years as the economy braces for its slowest annual growth since the financial crisis.

China's Purchasing Managers' Index contracted under the 50-point mark last month to 49.7, according to a...

sentifi.com

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