Workers who want to get bears in a factory in Ancanng, China.
CNBC
A survey of the private sector on Monday showed that the factory activity in China slowed in January, when the country is preparing to obtain a new tariff in the United States this month.
CAXIN/S&P International Purchase Director Index came to purchase manufacturing at 50.1 in January, and to lose the Reuters poll forecast of 50.5.
The PMI manufacturing remains higher than the 50 level that separates the expansion of the contraction for the fourth month in a row. He decreased from 50.5 in December, 51.5 in November and 50.3 in October.
Follow the private poll reading PMI data In January, the activity was unexpectedly showed to 49.1After expanding for three consecutive months, enhancing invitations for further stimulation to stimulate growth. Reuters had expected the purchasing managers index to come at 50.1.
On Saturday, US President Donald Trump signed executive orders to impose a 25 % tariff on Mexico, most Canadian imports and 10 % on Chinese goods, starting on Tuesday.
On his first day in office last month, Trump ordered his administration to investigate Beijing's compliance with a commercial agreement concluded during his first presidency.
The definitions came when the Chinese economy was fighting slowly. While the country achieved a growth goal in Beijing throughout the year by 5.0 % last year, it is still struggling to increase growth amid lukewarm domestic demand and prolonged real estate contraction, leaving exports as a major growth engine.
Since Beijing came A wave of policy support measures late last yearSome sectors have witnessed the stability of economic activity, but the markets are watching The steps of the next policy for Beijing as commercial tensions With the United States it is possible to condense.
The Chinese authorities pledged to work Promote local consumption is a top priority The Consumer Commodity Trading Program expanded this year.
Chinese Ministry of Commerce He said that he would challenge the decision of Trump's tariff In the World Trade Organization, it condemns overwhelming definitions as a “serious violation of international trade rules.” The statement said that Beijing “will take the relevant counter measures to protect its rights and interests firmly,” but it stopped announcing specific plans for definitions.
