Chinese Manufacturing Is Slumping Despite Boost From Trade Truce

    (Bloomberg) — China’s manufacturing activity contracted in November, according to official and private surveys, as stronger demand overseas after a trade truce with the US failed to reverse a deepening slowdown in the economy. Despite a surge in new export orders, the RatingDog China manufacturing purchasing managers’ index unexpectedly slumped to 49.9, according to a…

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    Consumption doldrums see hairy crab prices down in China on eve of ‘golden week’ holiday

    Consumption doldrums see hairy crab prices down in China on eve of ‘golden week’ holiday

    As China’s National Day holiday approaches, prices of hairy crabs, one of the most popular seasonal gifts at this time of the year, are down markedly as the first batches are delivered to markets across the country. Industry insiders predict that prices will fall further, citing higher production, shrinking gift-giving demand and weak household spending….

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    China’s Xi Jinping calls for ‘no delay’ in private sector protection

    China’s Xi Jinping calls for ‘no delay’ in private sector protection

    In another show of support for China’s private sector, Beijing has released the details of a speech from President Xi Jinping which included vows the country would guarantee a level playing field for private firms, safeguard entrepreneurs’ lawful rights and interests, and step up efforts to solve their long-standing challenges, including overdue payments. The full…

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