China factory growth seen cooling as U.S. trade dispute intensifies: Reuters poll

[To-Whose-Benefit?]

Reuters
September 28, 2018 / 3:27 AM / Updated 12 hours ago

[excerpt]

https://www.reuters.com/article/us-china-economy-pmi/china-factory-growth-seen-cooling-as-u-s-trade-dispute-intensifies-reuters-poll-idUSKCN1M80PZ

BEIJING (Reuters) - China’s manufacturing sector likely resumed its slowdown in September after taking a pause in August, with exporters facing growing strains from increasingly hostile trade ties with the United States, a Reuters poll showed.

The official manufacturing Purchasing Managers’ Index (PMI) is expected to have slipped to 51.2 in September from 51.3 in August, according to the median forecast of 23 economists in a Reuters poll. The 50-mark divides expansion from contraction on a monthly basis.

As U.S. tariffs threaten to put more pressure on China’s already slowing economy, policymakers in recent months have sought to boost lending to businesses, cut taxes and fast-track big infrastructure projects.