China's industrial activity in April has decreased through the last 16 months with the influence of 145% tariffs in the United States. The production PMI reached 49.0 instead of 50.8 last month, testifying about economic freezing.
Export orders decreased to 44.7, and economists expect that Beijing will stimulate financial support to weaken the consequences of external pressure. The Chinese Foreign Minister rejected the idea of tariff reconciliation with Washington, saying that "concessions are strengthening the oppressor," CNN Business reports.
