Economics
China's Worsening Economy Adds Pressure on Xi Heading to G-20
- Domestic leading indicators are ‘collapsing,’ says CICC
- Xi and Trump will meet at the G-20 summit in Argentina
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China’s worsening manufacturing slowdown and uncertainty over the trade war with the U.S. are raising pressure on policy makers to do more to support growth.
The first official reading of China’s economy in November showed the manufacturing purchasing managers index on the brink of contraction. New export orders contracted for a sixth month while the non-manufacturing gauge, reflecting activity in the construction and services sectors, expanded but at a slower pace.