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China's factory activity drops to a near two-year low in April as trade tariffs bite

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    Posted by Two Blokes Apr 30 - Filed in General - #TwoBlokesTrading  - 1 view
    China's manufacturing activity fell more-than-expected, sliding into contractionary territory in April as the escalating trade war with the U.S. hurt bilateral trade between the world's two biggest economies. The official purchasing managers' index came in at 49.0 in April, according to data from the National Bureau of Statistics on Monday, falling below the 50-level threshold, which determines expansion from contraction, for the first time since January.