16 Days
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الاقتصادية
China factory slowdown signals economic concerns
Factory activity in China slowed down in May, with the official manufacturing purchasing managers' index (PMI) falling to 50 points from 50.3 in April, reflecting an economic slowdown after a strong first quarter. Meanwhile, the non-manufacturing activity index rose to 50.1 points. Despite China posting a record trade surplus of $1.2 trillion last year, the yuan continues to exert pressure on Chinese exports, driven by increased demand for artificial intelligence products and higher export prices. Additionally, the central bank announced a cut in interest rates and took measures to stimulate spending and investment to support economic growth.
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