China factory activity unexpectedly shrank in April
BEIJINGĀ –China‘s manufacturing activity unexpectedly shrank in April, official data showed on Sunday, raising pressure on policymakers seeking to boost an economy struggling for a post-COVID lift-off amid subdued global demand and persistent property weakness. The official manufacturing purchasing managers’ index (PMI) declined to 49.2 from 51.9 in March, according to data from the National … Continue reading China factory activity unexpectedly shrank in April
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