World News: 09:36 GMT Thursday 29th August 2019. [Yahoo Business News Feed via SPi World News]
Factory activity in China is expected to have contracted for the fourth straight month in August, a Reuters poll showed, as the United States ratcheted up trade pressure and domestic demand remained sluggish. August saw dramatic escalations in the bitter Sino-U.S. trade row, with President Donald Trump announcing early in the month that he would impose new tariffs on Chinese goods from Sept. 1, and China letting its yuan currency sharply weaken days later. After Beijing hit back on Friday with retaliatory tariffs, Trump said existing levies would also be raised in coming months.
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