PMI Projections Amid Tariff Tensions

This chapter explores the implications of the forthcoming PMI ratings for April, highlighting the expected divergence between manufacturing and non-manufacturing sectors due to new tariffs. It discusses challenges in supply chain reconfiguration, especially concerning China’s efforts to adjust amidst trade pressures. Additionally, the chapter evaluates China's economic vulnerabilities and the potential policy responses from the government to stimulate domestic demand in light of external shocks.