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Export orders shrank for the 10th straight month, suggesting external demand remained sluggish and further policy cushion may be needed if trade tensions escalate initial cufflinks. China’s trade-oriented neighbors Japan, South Korea and Taiwan have seen more signs of slackening demand, both in China and elsewhere. “Construction work starting at the beginning of the year has led to strong domestic demand, but external demand is still weak, and the outlook on imports and exports is still not optimistic,” economists at Huatai Securities said..

Tit-for-tat tariffs imposed by Washington and Beijing remain in place as talks continue to end a trade war that has disrupted the flow of billions of dollars of goods between the world’s two largest economies. U.S. President Donald Trump said on Friday that talks with China were going very well, but added he would not accept anything less than a “great deal” after top trade officials wrapped up two days of discussions in Beijing initial cufflinks. Factories shed more staff in March, with the employment sub-index still hovering below the no-change mark of 50. It edged up marginally to 47.6 from 47.5 in February..

Amid rising labor costs and weaker sales, foreign companies from car makers to electronics firms have decided to shut plants in China in recent months, raising the specter of more layoffs initial cufflinks. Sony Corp is closing its Beijing smartphone plant, while Samsung Electronics ceased operations at one of its mobile phone manufacturing plants last year. The jobless rate in February rose to 5.3 percent, nearing a two-year high. The PMI survey showed small and mid-sized manufacturers still fared worse than large companies, many state-controlled, although their activity improved from the previous month, suggesting that policymakers’ efforts to channel affordable financing to the private sector are gradually working..

Policymakers have acknowledged the economy is under pressure. Multi-year campaigns to curb debt risks and pollution have deterred fresh investment, while the U.S.-China trade war is hurting China’s export sector, threatening even more jobs. In response, Beijing plans more spending on roads, railways and ports, along with nearly 2 trillion yuan ($297.27 billion) in tax cuts to ease the pressure on corporate balance sheets initial cufflinks. The measures will take time to kick in, say analysts who believe economic activity may not stabilize until the middle of the year. Data on Wednesday showed industrial profits fell 14 percent in the first two months of the year, the sharpest drop since at least late 2011..

In the steel industry, steel mills are facing calls to restrain output as the flooding of products in the market severely dents profit margins in the sector. Growth in China’s services industry – accounting for over half of the economy – picked up in March as new orders rose more quickly. The official non-manufacturing Purchasing Managers’ Index (PMI) rose to 54.8 from 54.3 initial cufflinks. Construction activity swung back into high gear in March with the return of warm weather. A sub-reading for construction activity stood at 61.7 in March, up from 59.2 in February..