China Manufacturing Slumps on US Levies, Spurring Stimulus Calls

The official manufacturing purchasing managers’ index fell more than expected to 49 from 50.5 in March, the National Bureau of Statistics said Wednesday. The non-manufacturing measure showed activity in construction and services grew less than forecast. The indicators offer a gloomy first official look at the health of China’s economy after the Trump administration imposed sweeping tariffs of 145% on... ...