China’s factory activities slowed in Jan amid Covid-19 resurgence, smaller manufacturers’ activities unexpectedly slipped back into contraction

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China's factory activity slowed in January as a resurgence of COVID-19 cases and tough lockdowns hit production and demand, showed official data released on Sunday.

The official manufacturing Purchasing Manager's Index (PMI) fell to 50.1 in January, remaining above the 50-point mark that separates growth from contraction, but slowing from 50.3 in December, according to data from the National Bureau of Statistics (NBS). That's higher than a reading . . .

 

 

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