The growth of the Chinese factory in January is absent from the previous definitions

A survey of the private sector on Monday showed that the factory activity in China slowed in January, when export orders diminished before the additional American tariffs that are scheduled to enter into force on Tuesday.

Caixin/S& P global season, seasonal, seasonal It came at 50.1 in JanuaryReuters missing a 50.5 expectation.

The manufacturing PMI remained higher than the 50 level that separates the expansion of shrinkage for the fourth month in a row, but it decreased from 50.5 in December, 51.5 in November and 50.3 in October.

Follow the private poll reading PMI data In January, the activity was unexpectedly showed to 49.1After expanding for three consecutive months, enhancing invitations for further stimulation to stimulate growth. Reuters had expected the purchasing managers index to come at 50.1.

Local demand in Yanori improved while the new export orders for the second month decreased in a row, with a decrease in demand abroad on consumer goods, according to the survey. The sub -index to work fell to the lowest level in nearly five years, as companies remained cautious amid economic uncertainty.

Shipping orders began to soften after the sources rushed to download them at the end of last year. “This aspect is likely to remain under pressure in the coming months, especially if the American definitions enter into force on February 4.”

Local requests will need to “play a greater role in driving manufacturing in 2025, where we can see that customs duties began to enter into force.”

On Saturday, US President Donald Trump signed executive orders to impose 10 % of the customs tariff on Chinese goods – 25 % on Mexican imports and most Canadian imports – starting on Tuesday.

On his first day in office last month, Trump ordered his administration to investigate Beijing’s compliance with a commercial agreement concluded during his first presidency.

“The high uncertainty in international policies may exacerbate the export environment in China, which constitutes major challenges to the economy,” said Wang Zha, senior economists in the Kaxin Insight group.

The definitions came when the Chinese economy was fighting slowly. While the country achieved a growth goal in Beijing throughout the year by 5.0 % last year, it is still struggling to increase growth amid lukewarm domestic demand and prolonged real estate contraction, leaving exports as a major growth engine.

“The policies that have been presented since September 2024 have achieved tangible results,” Wang said. However, warned that the effectiveness of stimulus, such as large -scale equipment promotions and Trade programs For consumer goods, this year may diminish.

Since Beijing came A wave of policy support measures late last yearSome sectors have witnessed the stability of economic activity, but the markets are watching The steps of the next policy for Beijing as commercial tensions With the United States it is possible to condense.

The Chinese authorities pledged to work Promote local consumption is a top priority And expanding the consumer commodity trade program this year.

Chinese Ministry of Commerce He said on Saturday that he would challenge the decision of Trump’s tariff In the World Trade Organization, it condemns overwhelming definitions as a “serious violation of international trade rules.” The statement said that Beijing “will take the relevant counter measures to protect its rights and interests firmly,” but it stopped announcing specific plans for definitions.