China’s manufacturing engine is sputtering, with new data revealing the most severe hit to China’s economy since the COVID shutdown. The country’s economy slipped from growth to contraction after the Purchasing Managers’ Index (PMI) fell below 50 in April.

Chinese leader Xi Jinping has not spoken to US President Donald Trump on the phone recently, Beijing said Monday, reiterating that no talks are taking place between the two countries to resolve their tariff war.