BEIJING (AP) — China’s manufacturing activity decelerated in June as U. S.-Chinese trade tensions added to concern the economy is cooling due to…
BEIJING (AP) — China’s manufacturing activity decelerated in June as U. S.-Chinese trade tensions added to concern the economy is cooling due to tighter government controls on lending, a survey showed Saturday.
The National Statistics Bureau’s purchasing managers‘ index declined to 51.5 from May’s 51.9 on a 100-point scale on which numbers above 50 show an acceleration.
China faces the threat of U. S. tariff hikes in a dispute over trade and technology but economic indicators already are turning down after Beijing tightened lending controls to rein in a rise in debt.
