Chinese Factory Activity Beats Projections Despite Ongoing Tariffs

Chinese factory activity beat estimates, with the official manufacturing purchasing managers’ index reading of 50.3 topping projections of 50.1. “Industry still looks comparatively firm, while services and domestic demand show some weakness, which keeps boosting internal demand high on the policy agenda,” said Hao Zhou, head of research and chief economist at Guotai Junan International Holdings (more).