Slower Growth: China’s Factory Activity Cools in October Amid Tariff Anxiety

China’s manufacturing sector witnessed a deceleration in growth during October, with new orders and production levels showing declines, according to a private survey released on Monday by S&P Global RatingDog. The China General Manufacturing Purchasing Managers’ Index (PMI) dropped to 50.6 last month from 51.2 in September, falling short of analysts’ expectations. Among the components of the PMI, only employment saw an increase, while all other indicators experienced various decreases, explained RatingDog’s founder Yao Yu. This survey was conducted in the backdrop of U.S. President Donald Trump’s previous threats of imposing hefty tariffs on Chinese goods. Yet, recent discussions between…