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As Trade War Drags On, China's Manufacturing Output Plunges

Video Credit: Wochit Business - Duration: 00:38s - Published
As Trade War Drags On, China's Manufacturing Output Plunges

As Trade War Drags On, China's Manufacturing Output Plunges

Reuters reports factory activity in China shrank in August for the fourth month in a row.

The slump began as the US ratcheted up trade pressure and domestic demand remained sluggish.

The diminishing output points to a further slowdown in the world’s second-largest economy.

The sector's most persistent weakness in decades could push Beijing to roll out stimulus packages more quickly.

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