China Cracks: Manufacturing Sector Contracts for First Time Since Trade War Began

China Cracks: Manufacturing Sector Contracts for First Time Since Trade War Began, by John Carney.

The trade war appears to be hurting China more than expected.

China’s private manufacturing sector contracted in December, according to a survey released Wednesday. …

Domestic demand appears to be falling and U.S. tariffs are weighing on the world’s second-largest economy.

The lower than expected figures dragged down global stocks, pulling share prices down in Hong Kong, Shanghai, and Japan.

hat-tip Charles