China Reveals Trade War Strain as Yuan Slides and Manufacturing Stalls

Shanghai Stock Exchange. Credit: Heurik

(From The Guardian)

The Chinese economy has revealed fresh signs of the pressure of a trade war with the US and a wider slowdown at home as manufacturing activity fell and the yuan was fixed at a new 10-year low to the dollar.

China’s manufacturing sector barely expanded in October as both domestic and external demand ebbed, according to a closely watched metric released on Wednesday.

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