China's factory growth in January did not estimate that before the US tariffs

A private sector survey on Monday showed that the factory event in January slowed down in January because a private sector survey on Monday showed that export orders gradually decreased before other US tariffs that took effect on Tuesday.

The seasonal adjustment of CAIXIN/S & P Global Manufacturing Manager Index was 50.1 in January, and the lack of Reuters's public opinion test prediction was 50.5.

The manufacturing PMI stays above the fourth consecutive month of expansion and contraction, which is more than 50 or more, but decreased from 50.5 in December, November 51.5 and October 50.3 decreased.

Private survey reading was after the official PMI data in January. The data showed that after three consecutive months, the event was accidentally shrunk to 49.1, which strengthened more stimulating stimulus growth. Reuters predicts that PMI's progress is 50.1.

The survey shows that the domestic demand in January improved in January, and as the demand for consumer goods overseas declined, the new export orders decreased for the second consecutive month. In the case of economic uncertainty, enterprises have remained cautious. In the past five years, the employment index has also fallen to the lowest level in the past five years.

LNG Chief Chinese Economist Lynn Song told CNBC that exporters rushed to the end of last year, exporters rushed to the end of last year. After the exporters were anxious to advance it, the delivery order began to soften. “In the next few months, this aspect may be stressed, especially if the US tariff does take effect on February 4.”

He added that domestic orders will need to “play a greater role in driving manufacturing in 2025, because we can see that tariffs start to take effect.”

US President Donald Trump signed an administrative order on Saturday, demanding tariffs on 10 % of Chinese goods from Tuesday-tariffs on imported goods in Mexico and most Canada.

On the first day of his tenure last month, Trump ordered his government to investigate the compliance of the trade agreement reached by Beijing during the first presidential period.

Wang Zhe, a senior economist at CAIXIN Insight Group, said: “The rise in uncertainty of international policies may worsen China's export environment and constitute a major challenge to the economy.”

When China's economy has been struggling with slowing down, tariffs have reached tariffs. Although the country achieved 5.0 % of Beijing's annual growth target last year, due to domestic demand and long -term real estate downturn, it still strives to increase growth, which is the main driving force for exports as growth.

Wang said: “The policies introduced since September 2024 have achieved practical results.” However, he warned that the effectiveness of stimulating measures, such as large -scale equipment upgrades and trading plans for consumer goods, may reduce this year.

Since Beijing proposed a series of policy support measures at the end of last year, some departments have stabilized economic activities, but the market is monitoring Beijing's next policy steps because the situation with the US trade tensions may increase.

The Chinese authorities have promised to strengthen domestic consumption as the top priority and expand this year's consumer goods trading plan.

The Ministry of Commerce of China said on Sunday that this will challenge Trump's tariffs in the World Trade Organization, condemning the tariffs on publicity is “serious violations of international trade rules.” The statement said that Beijing would “adopt related countermeasures to firmly protect its own rights and interests”, but stopped announced a specific plan for tariffs.