Chinese factory contracts in May, but have signs of progress

Chinese factory contracts in May, but have signs of progress

China’s factory activity contracted in May, according to an official survey released on Saturday, although the decline slowed from April as the country reached a deal with the US to slash president Donald TrumpThe sky-in-sky sky.

The Index Index Index rose from 49.0 in April to 49.5 in May, the National Bureau of Statistics said. Pmi measured on a scale from 0 to 100, which 50 marks the cut between expansion and control.

While, the Index to make Displays the growth of the sector, although the index measurement of new orders remained under 50 despite some development.
The National Bureau of Statistics Senior Statistician Zhao Qinghe said some US business companies reported trading orders, and have progress in import and export conditions.

US-China Agreement, arrived earlier this month from 145% to 30% for 90 days, making time for traders from a larger agreement. China also reduces its tax on US items from 125% to 10%.


But the remaining tariffs are higher than before they can bring in office, and businesses and investors face uncertainty when truce endures. Trump said Friday that he could no longer be “Mr. Nice Guy” in Trantia of trade, declaring a social media posting that the country of unidentified agreement with the United States. He later told the Oval Office he would talk to the Chinese president Xi Jinping And “we hope to work on it,” while still forcing China’s insulting.

Over the past week, tensions between Beijing and Washington also tightened after the US said it began to ridicule visas for Chinese students studying. China has set a protest in the US about this matter, calling the decision unreasonable.

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