{"id":421,"date":"2026-05-31T15:44:12","date_gmt":"2026-05-31T15:44:12","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=421"},"modified":"2026-05-31T15:44:12","modified_gmt":"2026-05-31T15:44:12","slug":"chinese-factory-activity-flattens-as-analysts-wonder-about-true-damage-from-iran-war","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=421","title":{"rendered":"Chinese factory activity flattens as analysts wonder about true damage from Iran War"},"content":{"rendered":"<div>\n<p>The official manufacturing purchasing managers index moderated to 50\u00a0from 50.3 in April, according to the National Bureau of Statistics. Measured on a scale between 0 and 100, a PMI reading above 50 indicates expansion, while a reading below 50 reflects contraction.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=419\">I wrote that Boomers were choking America\u2019s economy. Their responses to me were revealing<\/a><\/p>\n<p>The new orders sub-index dropped to 49.9 from 50.6 in April, while the sub-index on production edged down to 51.2 from April\u2019s 51.5. The sub-index for raw material stockpiles fell to 48.6 from 49.3 in April.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>China has been\u00a0less affected\u00a0by the global energy shock from the Iran war than many other countries, which face\u00a0inflationary pressures\u00a0as as oil prices have surged due to the closure of the Strait of Hormuz, through which a fifth of the world\u2019s oil is shipped in peacetime.<\/p>\n<p>Analysts say China\u2019s ample oil reserves and\u00a0diversified sources of energy\u00a0have helped the world\u2019s second-largest economy weather the war nearly unscathed.<\/p>\n<p>\u201cThough the energy crisis remains the dominant headwind for Asia, China is relatively more shielded given its robust energy security set-up,\u201d Frederic Neumann, Chief Asia Economist at HSBC bank, wrote in a research note last week.<\/p>\n<p>Meanwhile, exports remain key for China\u2019s broader economy, HSBC said.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>While China\u2019s exports to the United States have dropped year-on-year during most months in the past year, its global exports\u00a0have been robust, particularly to Europe and Southeast Asia.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=417\">Special operations commander says while AI could determine targets, humans must be sure \u2018it\u2019s going to deliver violence only where we intend it\u2019<\/a><\/p>\n<p>Hopes for a recovery in exports to the U.S. have risen following President Donald Trump\u2019s\u00a0summit\u00a0with Chinese leader Xi Jinping in Beijing in mid-May, and after the two countries agreed to set up\u00a0separate boards of trade and investment.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>Autos, technology and\u00a0artificial intelligence-related\u00a0exports have been helping to drive export growth, but some economists also point to concerns over the broader economy.\u00a0Domestic demand remains sluggish\u00a0in the wake of a years-long property sector slump that has clobbered consumer confidence and investment.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>\u201cDomestic demand is lagging, but high-end manufacturing and exports are holding the line,\u201d Robin Xing, Chief China Economist at Morgan Stanley, wrote in a research note last week.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<div>\n<div><\/div>\n<\/div>\n<p>Chinese leaders have set an annual economic\u00a0growth target of 4.5% to 5%\u00a0for this year. That\u2019s the\u00a0lowest target since 1991, albeit only slightly lower than the\u00a0\u201caround 5%\u201d target\u00a0set in 2025.<\/p>\n<p>Morgan Stanley said China will still likely meet its 2026 target, but oil prices and the easing of uncertainties around global oil supplies would be key factors determining where things might be heading.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=415\">Samsung\u2019s UK boss keeps a signed $100 bill she\u2019s never allowed to spend\u2014and shares her best and worst investments<\/a><\/p>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>PMI holds at 50 while new orders slip to 49.9, raising questions about growth as Iran war fallout tests global demand.<\/p>\n","protected":false},"author":1,"featured_media":420,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[114],"tags":[],"class_list":["post-421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-china"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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