Even as DeepSeek has rattled the US tech industry with its R1 artificial intelligence (AI) model, the Chinese economy continues to perform poorly amid slowing manufacturing sector

China's January non-manufacturing activity grew but at a slower pace than in December, an official survey showed on Monday, suggesting policymakers need to introduce even more stimulus measures to prop up depressed domestic demand.

China’s factory activity unexpectedly contracted in January, coming in at 49.1, missing the 50.1 forecasts, while services activity sharply slowed to 50.2, down from a 9-month high of 52.2 in December.