Trump’s strategy of pressuring China seems to be working:
China’s economy and stock market are showing signs of softness amid an ongoing trade war with the U.S.
Monday - Country - Bureau - Statistics - Manufacturing
On Monday, the country’s Bureau of Statistics announced that manufacturing activity shrank in December – for the first time in more than two years. China’s Purchasing Managers’ Index was 49.4 this month, which was the weakest level recorded since February 2016, according to Reuters. It was the result of a drop in new export orders.
Meanwhile, the major Chinese stock index suffered...