NewsFinale
  • Home
  • News
  • Local News
  • Business
  • Health
  • Finance
  • Celeb Lifestyle
  • Crime
  • Entertainment
  • Advertise Here
Gleammour AquaFresh
NewsFinale
  • Home
  • News
  • Local News
  • Business
  • Health
  • Finance
  • Celeb Lifestyle
  • Crime
  • Entertainment
  • Advertise Here
Home Local News Chinese manufacturers experience an increase in demand as importers hurry to avoid tariffs.

Chinese manufacturers experience an increase in demand as importers hurry to avoid tariffs.

Chinese factories see improved orders as importers rush to beat tariffs
Up next
Mitchell Robinson's 'down and dirty' plays ignite critical Knicks run
Mitchell Robinson’s gritty and impactful plays spark important Knicks rally
Published on 03 March 2025
Author
NewsFinale Journal
Share and Follow
FacebookXRedditPinterestWhatsApp


BANGKOK – Chinese manufacturers reported an uptick in orders in February as importers rushed to beat higher U.S. tariffs imposed by President Donald Trump.

The stronger-than-expected data came as Chinese leaders gathered in Beijing for the annual session of the National People’s Congress. Lawmakers are expected as usual to endorse policies and priorities set by the ruling Communist Party, which could include some fresh help for the economy as it slows to growth economists forecast will fall below 5%.

Trump earlier imposed a tariff of 10% on imports from China and that will rise to 20% beginning Tuesday. He also ended the “de minimis” loophole that exempted imports worth less than $800 from tariffs, in a blow to companies whose online sales direct to consumers had soared in recent years.

Surveys of factory managers showed China’s official purchasing managers index rose to 50.2% from 49% in January, though that was just above the 50 level that marks the break between contraction and expansion. The new orders index rose to 51.1.

Steady industrial production suggests that government spending and “front running” to beat the higher tariffs supported stronger business activity last month, Zichun Huang of Capital Economics said in a report.

“But growth still looks at risk of slowing this quarter, at least partially reversing the pick-up in Q4 (October-December). And that’s before the hit from tariffs is felt in earnest,” Huang wrote.

Another survey released Monday, the Caixin manufacturing PMI survey, showed a similar improvement. That survey tends to show trends in smaller and export-oriented companies, Lynne Song of ING Economics said in a commentary.

“This could be a valuable gauge of the impact new tariffs are having on the manufacturing sector. With an additional 10% tariff set to come into effect tomorrow, this seems likely,” she said.

Sudden increases in tariffs and other factors have raised uncertainty over the outlook for the world’s second largest economy, which grew at a 5% annual pace last year, just meeting Beijing’s official target.

Premier Li Qiang will present an annual work report to the congress as it opens on Wednesday that traditionally provides the annual growth target for this year, among other policies and economic updates.

2025 is the last year of leader Xi Jinping’s “Made in China 2025” blueprint for upgrading Chinese industries to become global leaders in advanced technology. It also marks the end of China’s 14th five-year plan, the party’s traditional mid-term policy-setting document.

A key priority is likely to be outlining ways to get Chinese consumers to spend more, a weak point in the state-dominated economy following the disruptions of the COVID-19 pandemic. The government has moved to provide more support for private industry in recent months as part of that effort. Exports and targeted spending increases have also helped.

Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Share and Follow
FacebookXRedditPinterestWhatsApp
You May Also Like
Vietnam rethinks its flood strategy as climate change drives storms and devastation
  • Local News

Vietnam Revamps Flood Strategy to Combat Intensifying Storms Amid Climate Change Impact

HANOI – In response to a year marked by relentless storms and…
  • NewsFinale Journal
  • November 5, 2025
Election recap in Aiken County: Here's the latest
  • Local News

Aiken County Election 2023: Key Results and Surprising Outcomes Revealed

AIKEN, S.C. – The ballots have been counted, and Aiken’s election night…
  • NewsFinale Journal
  • November 5, 2025
Supermoon over Tampa Bay Wednesday morning
  • Local News

Spectacular Supermoon Illuminates Tampa Bay: Don’t Miss the Celestial Show on Wednesday Morning!

By: ADITHI RAMAKRISHNAN, AP Science Writer Posted: Nov 5, 2025, 06:37 AM…
  • NewsFinale Journal
  • November 5, 2025
'I need to sacrifice and kill you both': Seminole wife attempts to kill husband: affidavit
  • Local News

Seminole Woman Charged with Attempted Murder After Shocking Affidavit Reveals Disturbing Intent

A disturbing incident unfolded in Seminole, Florida, where a woman was taken…
  • NewsFinale Journal
  • November 5, 2025
Zohran Mamdani wins NYC mayor election
  • Local News

Zohran Mamdani Secures Victory in NYC Mayoral Race

NEW YORK CITY (WPIX) – The Associated Press declared Zohran Mamdani the…
  • NewsFinale Journal
  • November 5, 2025
Wallace leads Illinois with 27 points in season-opening win
  • Local News

Wallace Shines with 27 Points, Propels Illinois to Victory in Season Opener

The Illinois women’s basketball team kicked off their season with a strong…
  • NewsFinale Journal
  • November 5, 2025
The Latest: Trump putting a positive spin on the economy after voters rebuked his performance
  • Local News

Trump Highlights Economic Achievements Despite Voter Discontent

On Wednesday, President Donald Trump is set to visit Miami, marking the…
  • NewsFinale Journal
  • November 5, 2025
Massive fireball erupts as UPS plane crashes at Kentucky airport, leaving 7 dead
  • Local News

Tragic UPS Plane Crash at Kentucky Airport Results in Fiery Explosion and 7 Fatalities

LOUISVILLE, Ky. (AP) — Operations at Louisville’s airport resumed early Wednesday following…
  • NewsFinale Journal
  • November 5, 2025
Baby Priya was born prematurely.
  • AU

Landmark Victory: Priya’s Parents Secure Legal Reform to Prevent Future Family Hardships

Determined to spare other families the heartache they endured, Priya’s parents…
  • NewsFinale Journal
  • November 5, 2025
KING HARRIS AND NANA CELEBRATE THEIR SON’S FIRST BIRTHDAY WITH SWEET TRIBUTES
  • Entertainment

King Harris and Nana Commemorate Their Son’s First Birthday with Heartfelt Tributes

King Harris and his partner Nana are marking a joyful occasion today—their…
  • NewsFinale Journal
  • November 5, 2025
Jade Thirlwall admits being in Little Mix was 'cut-throat'
  • Entertainment

Jade Thirlwall Reveals Intense Competition Within Little Mix Experience

Jade Thirlwall, who began her inaugural solo tour titled “That’s Showbiz…
  • NewsFinale Journal
  • November 5, 2025
Ramaswamy: 2 issues cost Republicans votes on Tuesday
  • News

Ramaswamy Reveals the Two Key Issues Costing Republicans at the Polls

Vivek Ramaswamy, a GOP gubernatorial contender in Ohio, emphasized on Tuesday that…
  • NewsFinale Journal
  • November 5, 2025
NewsFinale Journal
  • Home
  • Terms and Conditions
  • Sitemap
  • DMCA
  • Advertise Here
  • Donate
Go to mobile version