China’s economic recovery continued in January at slower pace as virus outbreak takes toll

//China’s economic recovery continued in January at slower pace as virus outbreak takes toll

China’s economic recovery continued in January at slower pace as virus outbreak takes toll

China’s economy recovery continued in January but at a slower pace, as the resurgence of coronavirus in parts of the country took a toll on business sentiment, led by a sharp drop in service sector morale.The official manufacturing purchasing managers’ index (PMI) – a survey of sentiment among factory owners in the world’s second-largest economy – fell to 51.3 last month from 51.9 in December, according to the National Bureau of Statistics (NBS).December’s reading was below the median…

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By | 2021-01-31T01:08:58+00:00 January 31st, 2021|Headlines|Comments Off on China’s economic recovery continued in January at slower pace as virus outbreak takes toll