China’s factory and services activity loses steam
Widespread lockdowns introduced by the Chinese authorities to tackle the latest surge in Covid-19 cases have dragged down China’s April manufacturing and services activity.
The official manufacturing purchasing managers’ index (PMI) fell to 47.4 this month from 49.5 in March, according to data published by the National Bureau of Statistics on Saturday. PMI above 50 indicates growth, while anything below this level represents contraction.
https://www.rt.com/business/55....4768-china-factory-s
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