Friends
You are dealing with two major problems here, China is a very closed society so they are not telling you the whole story, thus you don’t see what exactly is happening behind the scene, they are not packing but they are telling you that everything is fine here, for the moment you become mouthy they cut off your head. The second problem you have is that you have CNN, Allan Barigye and Mayimuna Kennyi the true enemies from within, that wake up to spread pokopoko that is so anti Trump, their work is to make sure that America fails. Between those two, you will never get the facts as they are. Here we go with the facts on the ground from China that Allan Barigye and Mayimuna Kenyi that hate America don’t want you to know.
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China’s export orders plunge in alarming first look at tariff damage
Jessica SierNorth Asia correspondent
Updated Apr 30, 2025 – 4.47pm,first published at 1.09pm
Tokyo | China’s economy showed its first signs of economic damage from the trade war with Donald Trump’s administration, as the country’s manufacturing activity contracted the most since 2023.
A gauge of new export orders fell in April to its lowest level since the pandemic was sweeping China in 2022, while overall production at the country’s factories was the weakest in more than a year, according to the National Bureau of Statistics on Wednesday.
Employees produce Christmas stuffed toys for export in Lianyungang, Jiangsu Province of China. Getty Images
The sharp slowdown shows Trump’s punitive tariffs of up to 145 per cent on a broad range of Chinese exports are starting to hurt the engine room of China’s economy, putting pressure on Beijing to quickly boost stimulus efforts to hold up growth.
“It’s definitely worse than expected. It shows tariffs started to bite,” Robin Xing, chief China economist at Morgan Stanley, said on Bloomberg Television. He forecast a significant economic slowdown this quarter that could trigger more stimulus.
Trump’s tariffs on China that started in February prompted swift retaliation from Beijing and sent shock waves through supply chains already grappling with weak global demand. China’s manufacturing sector accounted for nearly a third of the economy’s growth last year.
The official manufacturing purchasing managers’ index fell more than expected to 49 from 50.5 in March, marking the steepest contraction since December 2023, the bureau said. The non-manufacturing PMI – which captures activity in services and construction – also edged lower to 50.4.
China’s manufacturing sector has been particularly exposed to the sharp downturn in export orders.
New export orders fell at their fastest pace since mid-2023, while employment within the sector shrank at its quickest rate in over a year, according to sub-indexes released alongside the headline PMI.
“The weak manufacturing PMI in April is driven by the trade war,” Zhiwei Zhang, president and chief economist at Pinpoint Asset Management, said.
“The macro data in China and the US will weaken further... as the trade policy uncertainty delays business decisions.”
Pressure for a deal
The figures add pressure on leader Xi Jinping to reach a deal with Trump who has shown signs of conciliation in recent days, while the message from Beijing has been one of defiance and a wait-it-out strategy.
Trump has suggested several times that negotiations to amend the tariffs were underway, but Chinese officials have repeatedly denied that talks existed.
Foreign Minister Wang Yi this week criticised what he called “economic coercion” and warned that appeasing Washington could prompt future tariff measures. “Appeasement will only embolden the bully,” he said.
Trump accuses American trading partners of blocking US exports and treating the US unfairly, launching tariffs globally that have roiled markets and raised fears of higher inflation.
The indicators followed an earlier warning sign for China’s exporters, as cargo shipments plunged possibly by as much as 60 per cent, according to one estimate. New export orders fell to their lowest since December 2022 and recorded the biggest drop since April that year, when Shanghai entered a citywide pandemic lockdown, the bureau said on Wednesday.
The downturn underscores the fragility of China’s post-pandemic recovery and casts doubt on Beijing’s ability to meet its 2025 growth target of around 5 per cent.
China’s officials said this week they remained “fully confident” of reaching this target, but several global investment banks, including UBS and Goldman Sachs, have recently downgraded their China forecasts closer to 4 per cent.
To help ease the pressure on exporters, Chinese authorities are ramping up support to help firms access loans and to boost domestic consumption. An ongoing property crisis and soaring youth unemployment have prompted many worried Chinese to pull back on spending.
Beijing has launched a “Shop in China” campaign to encourage citizens to prioritise buying local goods, and China’s tech giants have introduced initiatives to struggling businesses advertise online and sell their products at home. A nationalist fervour online, and pushed by Beijing, is also sweeping China, as ordinary consumers brace for the trade war.
Still, analysts caution that such interventions may not be enough.
“China’s economy is coming under pressure as external demand cools,” Zichun Huang, China economist at Capital Economics, said in a note.
“Although the government is stepping up fiscal support, this is unlikely to fully offset the drag.”
The People’s Bank of China, and senior Communist Party leaders, have so far refrained from large-scale monetary easing, instead urging local governments to accelerate the rollout of infrastructure investment tied to earlier stimulus packages.
Markets responded cautiously on Wednesday. The offshore yuan softened slightly to 7.27 per US dollar following the PMI release, while equities on the mainland were flat.
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