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

Video Credit: Wochit Business
Published on August 31, 2019 - Duration: 00:38s

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

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