“The PMI is lower due to weather challenges, as well as shifting some orders to lower-tariffed countries such as Vietnam,” said Cameron Johnson, Shanghai-based senior partner at consulting firm Tidalwave Solutions. Overall export figures are expected to remain stable for the next quarter, Johnson said, noting that some production will be shifted to other countries to take advantage of lower tariffs until China sets its duty rates with the U.S.
torsdag 31. juli 2025
China’s July manufacturing activity contracts more than expected — declines for fourth-straight month
China’s official gauge for manufacturing activity on Thursday pointed to a worse-than-expected contraction in July amid slower economic growth and ongoing U.S. trade tensions. The Manufacturing Purchasing Managers’ Index for July was 49.3, missing expectations for 49.7 according to a Reuters poll. China’s official manufacturing PMI has been below the 50 mark, reflecting contraction rather than expansion, since April.
“The PMI is lower due to weather challenges, as well as shifting some orders to lower-tariffed countries such as Vietnam,” said Cameron Johnson, Shanghai-based senior partner at consulting firm Tidalwave Solutions. Overall export figures are expected to remain stable for the next quarter, Johnson said, noting that some production will be shifted to other countries to take advantage of lower tariffs until China sets its duty rates with the U.S.
“The PMI is lower due to weather challenges, as well as shifting some orders to lower-tariffed countries such as Vietnam,” said Cameron Johnson, Shanghai-based senior partner at consulting firm Tidalwave Solutions. Overall export figures are expected to remain stable for the next quarter, Johnson said, noting that some production will be shifted to other countries to take advantage of lower tariffs until China sets its duty rates with the U.S.
