China’s factory activity sees worst contraction since 2023 as US tariffs hit

Quick Summary:

Cargo shipments have plunged, possibly by as much as 60 per cent.

To help ease the pressure on exporters, Beijing this week laid out plans to help struggling firms access loans and to boost domestic consumption, but stopped short of announcing more aggressive economic stimuli.

A sub-gauge indicated that employment in the manufacturing sector contracted at the worst pace since February last year, adding pressure on the authorities to stabilise the job market.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAustraliaChinaJapanNew ZealandUnited States

Topics: Trade Cent Official Beijing Contraction Group China’s Activity Manufacturing Expected April

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-30 @ 10:12:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 621 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 28294254

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