business / economy
12 hours ago

China's Factory Activity Dips in January, Ending Three-Month Expansion

China's Factory Activity Dips in January, Ending Three-Month Expansion
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7 Highlights
  • China's PMI drops to 49.1, signaling factory contraction in January.
  • Lunar New Year causes early worker departures, cutting factory operations.
  • Holiday disruptions largely blamed for the dip, says official Zhao Qinghe.
  • Manufacturers remain hopeful for post-holiday production recovery.
  • Confidence stays high as expectations in manufacturing surpass 55.
  • U.S. tariffs continue to challenge Chinese manufacturing sectors.
  • Asian markets analyze China's industrial data for investment signs.
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