Posted inChina

New Covid outbreaks slow China’s factories

Factory activity in China slowed slightly in January, official data showed Sunday, as the country rushed to stamp out a recent coronavirus wave in the north. The purchasing managers’ index (PMI), a key gauge of manufacturing activity, came in at 51.3 for the month, as the world’s second-largest economy tightened Covid-19 precautions ahead of the Lunar New Year. The […]