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

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 report published by Caixin and IHS.

That comes on the heels of the official PMI published on Monday which also missed the 50-point mark and fell t…