BEIJING (Reuters) -China’s manufacturing activity contracted in April, an official survey showed on Wednesday, reversing two months of recovery and keeping alive calls for further stimulus as Donald Trump’s 145% tariffs called time on producers front-loading shipments.
The official purchasing managers’ index (PMI) fell to 49.0 in April versus 50.5 in March, below the 50-mark separating growth from contraction, and missing a median forecast of 49.8 in a Reuters poll.
(Reporting by Joe Cash; Editing by Sam Holmes)
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