The aggressive trade war between USA and China It is increasingly burdened by the latter’s economy.
In the midst of the US trade war, the prospects for industrial production blur in China.
The official index of manufacturing managers for the processing sector fell more than expected in March, from 50.5 points in March 49 in April, according to the National Statistical Service in Beijing on Wednesday (30.4.2025).
The index is considered an important indicator for industrial production, the state of business orders and therefore for the economy as a whole. If it falls below 50 points, the prospects are considered problematic. The index for the non -manufacturing sector, services and constructions also faded. This means that the Chinese industry is constantly deteriorating.
China and the US are currently in an aggressive trade war. The US government under President Donald Trump imposed a 145% total duties on Chinese imports, hitting the Chinese export industry.
In retaliation, China imposes 125% duties on US imports. The People’s Republic has also announced stricter controls for exports of rare earths. Although both governments have recently approached rhetoric, harsh measures remain in force.
Experts even talk about real disconnecting the world’s two largest economies. According to them, new statistics from Beijing show the original damage caused by Trump’s tariff policy. “It’s definitely worse than expected. Evidence shows that duties are starting to influence, “Robin Zing, chief economist for China at Morgan Stanley, told Bloomberg.