HONG KONG (AP) \u2014 In October, China reported a contraction in factory activity for the seventh month in a row, a situation the government highlighted on Friday. However, a newly established truce in the ongoing trade conflict between the U.S. and China raises hopes for a potential rebound in exports. According to the National Bureau of Statistics, the official manufacturing purchasing managers‘ index (PMI) fell to 49 in October from 49.8 in September, falling short of expectations. A PMI below 50, which ranges from 0 to 100, signals a contraction in manufacturing activity. Following his meeting with Chinese President Xi Jinping in South Korea, U.S. President Donald Trump announced a reduction in fentanyl-related tariffs on China from 20% to 10%, thereby decreasing the overall U.S. tariffs on Chinese goods from 57% to 47%. While China has started diversifying its exports beyond the U.S. to include markets in Southeast Asia and Africa, exports to the U.S. have continued to decline significantly for six consecutive months. According to HSBC economist Taylor Wang, lower tariffs from the U.S. may help Chinese exports regain competitiveness in that market, potentially leading to a recovery in direct exports. Nevertheless, Wei Li, head of multi-asset investments at BNP Paribas Securities (China), noted that despite the progress in tariff negotiations, global uncertainties continue to impact manufacturing sentiment. Li suggested that the agreements between the U.S. and China are likely to prevent further decline, rather than inducing a strong recovery. Huo Lihui, the chief statistician at the Bureau of Statistics, mentioned that China’s recent eight-day Golden Week national holiday contributed to the slowdown in factory activity, alongside a more intricate international landscape. Furthermore, China is actively working to lessen its dependence on investment-driven manufacturing in favor of stimulating consumer spending, while addressing issues related to price competition and excess capacity in various industries. The ongoing downturn in the property market is affecting both consumer confidence and investments in real estate and construction. Recent documents released by the ruling Communist Party after a high-level meeting outlined priorities for development over the next five years, indicating that while manufacturing will remain a focal point, there will also be an emphasis on fostering high-tech industries.<\/p>\n","protected":false},"excerpt":{"rendered":"
HONG KONG (AP) \u2014 In October, China reported a contraction in factory activity for the seventh month in a row, a situation the government highlighted on Friday. However, a newly established truce in the ongoing trade conflict between the U.S. and China raises hopes for a potential rebound in exports. According to the National Bureau […]<\/p>\n","protected":false},"author":2,"featured_media":4366,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78],"tags":[],"class_list":["post-4367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-1"],"translation":{"provider":"WPGlobus","version":"3.0.0","language":"de","enabled_languages":["en","de","ja","vi","ms"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"de":{"title":false,"content":false,"excerpt":false},"ja":{"title":false,"content":false,"excerpt":false},"vi":{"title":false,"content":false,"excerpt":false},"ms":{"title":false,"content":false,"excerpt":false}}},"rttpg_featured_image_url":{"full":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/10\/news_image_1-9.png",1536,1024,false],"landscape":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/10\/news_image_1-9.png",1536,1024,false],"portraits":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/10\/news_image_1-9.png",1536,1024,false],"thumbnail":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/10\/news_image_1-9-150x150.png",150,150,true],"medium":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/10\/news_image_1-9-300x200.png",300,200,true],"large":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/10\/news_image_1-9-1024x683.png",1024,683,true],"1536x1536":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/10\/news_image_1-9.png",1536,1024,false],"2048x2048":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/10\/news_image_1-9.png",1536,1024,false],"blog-thumb":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/10\/news_image_1-9-530x250.png",530,250,true],"blog-full":["https:\/\/globalcryptoguru.com\/wp-content\/uploads\/2025\/10\/news_image_1-9-1100x450.png",1100,450,true]},"rttpg_author":{"display_name":"MUHAMMAD ISMAIL","author_link":"https:\/\/globalcryptoguru.com\/de\/author\/ai-news-automation\/"},"rttpg_comment":0,"rttpg_category":"News 1<\/a>","rttpg_excerpt":"HONG KONG (AP) \u2014 In October, China reported a contraction in factory activity for the seventh month in a row, a situation the government highlighted on Friday. However, a newly established truce in the ongoing trade conflict between the U.S. and China raises hopes for a potential rebound in exports. According to the National Bureau…","_links":{"self":[{"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/posts\/4367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/comments?post=4367"}],"version-history":[{"count":1,"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/posts\/4367\/revisions"}],"predecessor-version":[{"id":4368,"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/posts\/4367\/revisions\/4368"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/media\/4366"}],"wp:attachment":[{"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/media?parent=4367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/categories?post=4367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalcryptoguru.com\/de\/wp-json\/wp\/v2\/tags?post=4367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}