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It's Wednesday, April 30th.
I'm Luke Vargas for The Wall Street Journal, and here is the AM edition of What's News,
the top headlines and business stories moving your world today.
The proof of the trade war is in the numbers.
Beijing released fresh data on export orders and factory production for April overnight,
with neither indicator able to hide the damage that tariffs are causing to the engine of China's economy.
Journal reporter Jason Douglas joins me now from Tokyo.
Jason, these readings don't seem all that hard to parse, frankly.
Things are not going well.
Yeah, that's right, Luke.
There was a contraction in manufacturing activity down to the worst reading for,
I think, about a year, maybe about 18 months.
It was far worse on new export orders, which, after all, is a thing we're all watching closely.