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Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly publication.
China’s manufacturing exercise contracted in April, in keeping with an official survey, in an indication of the impression of US President Donald Trump’s commerce warfare on the financial system.
The nation’s official buying managers’ index got here in at 49, the bottom degree since December 2023. A studying of above 50 marks an enlargement.
The information covers a interval wherein a commerce warfare between the US and China escalated dramatically, with tariffs now properly over 100 per cent in each instructions. China’s official PMI manufacturing gauge had expanded in February and March.
It is a growing story.
