Tokyo | China’s economy showed its first signs of economic damage from the trade war with Donald Trump’s administration, as the country’s manufacturing activity contracted the most since 2023.
A gauge of new export orders fell in April to its lowest level since the pandemic was sweeping China in 2022, while overall production at the country’s factories was the weakest in more than a year, according to the National Bureau of Statistics on Wednesday.
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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com