关税战拖累经济景气 企业预期降至历史低点

Core Viewpoint - The recent tariff war has negatively impacted economic sentiment, leading to a decline in corporate expectations to historical lows [1] Economic Indicators - In April, the Caixin China Manufacturing Purchasing Managers' Index (PMI) recorded 50.4, a decrease of 0.8 percentage points from the previous month, marking the lowest level in three months [1] - The Caixin China Services PMI also fell by 1.2 percentage points to 50.7, the lowest since the fourth quarter of 2024 [1] - The overall Caixin China Composite PMI decreased by 0.7 percentage points to 51.1 in the same month [1]