China's manufacturing sector has seen a second consecutive month of contraction as the official PMI indicates ongoing economic struggles. Expectations for new stimulus are rising amid trade tensions with the U.S.
As US and Chinese trade officials meet to discuss de-escalation, the future of the global economy hangs in the balance. With tariffs crippling trade, can a breakthrough be achieved?
China's economy shows signs of recovery with retail sales up 4.0% and industrial production growing 5.9% in early 2023. However, challenges like high unemployment and deflation loom large.
