China’s factory activity shran

2023-01-05

China’s factory activity shrank for the third straight month in December and at the sharpest pace in nearly three years as Covid infections swept through production lines across the country after Beijing’s abrupt reversal of anti-virus measures.

The official purchasing managers’ index (PMI) fell to 47.0 from 48.0 in November, the National Bureau of Statistics (NBS) said on Saturday. Economists in a Reuters poll had expected the PMI to come in at 48.0. The 50-point mark separates contraction from growth on a monthly basis.

The drop was the biggest since the early days of the pandemic in February 2020.$FTSE China Bear 3X Shares(YANG)$

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Comments

setia100
2023-01-05
setia100
It hits the bottom ❗ Expecting to bounce back ❗🤞
壮志高飞
2023-01-05
壮志高飞
should improve from now
YangXH
2023-01-05
YangXH
ok
Squ00
2023-01-05
Squ00
Ok
Booooooooooo
2023-01-05
Booooooooooo
K
currylow
2023-01-05
currylow
ok

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