https://www.taxtmi.com/news?id=60247 Manufacturing activity remained in contraction for a seventh month with PMI below the expansion threshold. A US-China trade truce includes tariff reductions expected to restore some export competitiveness to Chinese goods in the US, though observers characterise the measures as preventing further deterioration rather than producing a strong recovery. Policy objectives emphasise shifting away from investment-led manufacturing toward higher-tech industries and stronger domestic consumption while addressing excess capacity; a weak property market is dampening confidence and investment. en-us Fri, 31 Oct 2025 11:01:03 +0530 Fri, 31 Oct 2025 11:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=60247 Manufacturing activity remained in contraction for a seventh month with PMI below the expansion threshold. A US-China trade truce includes tariff reductions expected to restore some export competitiveness to Chinese goods in the US, though observers characterise the measures as preventing further deterioration rather than producing a strong recovery. Policy objectives emphasise shifting away from investment-led manufacturing toward higher-tech industries and stronger domestic consumption while addressing excess capacity; a weak property market is dampening confidence and investment. News - Fri, 31 Oct 2025 11:01:03 +0530 https://www.taxtmi.com/news?id=60247