A series of manufacturing purchasing managers' indexes (PMIs) for December from across the region published on Jan 2 showed factory activity slowing in China and South Korea, although there were some signs of a pickup in Taiwan and South-east Asia.
Trump has pledged to impose big tariffs on imports from three major trading partners - Mexico, Canada and China - which are expected to affect other large exporting nations and global business activity.
The Caixin/S&P Global manufacturing PMI for China nudged down to 50.5 in December from 51.5 in November, undershooting analysts' forecasts, indicating activity grew only modestly. That echoed an official survey released earlier this week, which showed factory activity barely growing.
This story is from the January 03, 2025 edition of The Straits Times.
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This story is from the January 03, 2025 edition of The Straits Times.
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