China’s Factory Activity Plunges to Near Two-Year Low

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BREAKING: China’s manufacturing activity fell more-than-expected, sliding into contractionary territory in April as the escalating trade war with the U.S. hurts bilateral trade

The official purchasing managers’ index came in at 49.0 in April, according to data from the National Bureau of Statistics on Wednesday, falling below the 50-level threshold, which determines expansion from contraction, for the first time since January

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