Tags: AS | China | Manufacturing

Survey: China's Factory Activity Declines in June

Sunday, 30 June 2019 04:38 AM EDT

BEIJING (AP) — China's factory activity contracted in June, adding to pressure on Beijing to shore up economic growth amid a costly tariff war with Washington.

A monthly index released Sunday by an official industry group, the China Federation of Logistics & Purchasing, stood at 49.4 on a 100-point scale on which readings below 50 show activity contracting.

An economist cited in a statement by the federation, Zhang Liqun, said "downward pressure on the economy is still relatively prominent."

Chinese exporters have been battered by President Donald Trump's tariff hikes in a fight over Beijing's technology ambitions. Domestic consumer demand has been chilled by tighter government controls on bank lending to cool a rise in debt.

Trump and Chinese President Xi Jinping agreed Saturday to hold more talks on their trade dispute.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
China's factory activity contracted in June, adding to pressure on Beijing to shore up economic growth amid a costly tariff war with Washington.A monthly index released Sunday by an official industry group, the China Federation of Logistics & Purchasing, stood at 49.4 on a...
AS,China,Manufacturing
131
2019-38-30
Sunday, 30 June 2019 04:38 AM
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