China's factory activity fell to its lowest level since December 2023, with the manufacturing PMI dropping to 49.0 in April, indicating contraction. This decline marks the first monthly decrease in 2025, driven by reduced orders and deteriorating business conditions. Despite ongoing government stimulus, analysts predict significant declines in exports to the US due to uncertainty in trade negotiations. While the non-manufacturing PMI remains stable, signs of potential de-escalation in the US-China trade war are emerging, although Beijing remains firm against tariff negotiations. Teljes cikk (Euronews.com)