China’s economy is going backwards ...Egypt

EGYPT INDEPENDENT - News
China’s economy is going backwards
source : EGYPT INDEPENDENT ( Egypt ) () 19
Hong Kong (CNN Business) – China’s gigantic services sector just contracted at the second sharpest pace on record as Covid lockdowns hit businesses hard. The Caixin purchasing managers’ index, a closely-watched indicator for assessing the state of the economy, plummeted to 36.2 in April from 42 in March, according to a survey released by IHS Markit on Thursday. A reading below 50 indicates contraction, while anything above that gauge shows expansion. The services sector accounts for more than half of the nation’s GDP and over 40% of its employment. And with survey data showing China’s manufacturing sector also shrinking last month, the world’s second biggest economy went backwards in April.

Hence then, the article about china s economy is going backwards was published today ( ) and is available on EGYPT INDEPENDENT ( Egypt ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( China’s economy is going backwards )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News
Cuba strongly condemns continued escalation of Israeli attacks on Lebanon
SABA NET - before 3 hours & 9 minute
Travel Warning Issued For Millions Across US
Newsweek - before 3 hours & 22 minute
Australian Open: Sinner overcomes cramps; Keys, Pegula advance; Osaka withdraws
Los Angeles Daily News - before 2 hours & 57 minute
Most People Watching XRP Through Wrong Lens As XRP Underperforms: Black Swan Capitalist founder
the crypto basic - before 2 hours & 45 minute
US officials enter Al-Hol camp in Syria
farance 24 - before 3 hours & 3 minute
Channing Tatum Gets Candid About Brief Stripper Career: 'It Was Weird'
Parade - before 5 hours & 41 minute
Iran’s Leadership Stumbles After War and Unrest
The New York Times - before 2 hours & 55 minute
Today's NYT 'Strands' Hints, Spangram and Answers for Saturday, January 24, 2026
Parade - before 7 hours & 51 minute
Ikea’s Bestselling 'Sturdy' Dresser Is $70 Off Right Now, and It 'Holds a Lot' of Clothes
Parade - before 5 hours & 51 minute
Numbrix 9 - January 24
Parade - before 5 hours & 27 minute
China places military’s top uniformed officer under investigation
japan times - before 3 hours & 23 minute
US army says homeland, curbing China priorities; limited support for allies
Aljazeera - before 6 hours & 3 minute


Latest News

Tourism Must Be Led as Economic Infrastructure to Drive Growth and Resilience, Saudi Arabia's Minister of Tourism Tells the World Economic Forum

before minute

9K+ weekend flights canceled as US braces for severe winter storm

before 5 minute

MK Dons v Shrewsbury - Live

before 6 minute

Saturday SEC DFS picks: 3 college basketball picks for Jan. 24

before 6 minute

Two teenage boys in court charged with murdering 15-year-old in Guildford

before 7 minute

Sex is gone. Why?

before 10 minute

How to get Fortnite Crimson Desert Kliff skin for free?

before 10 minute

Labour at war over Andy Burnham as deadline for Commons comeback bid looms

before 10 minute

Australian boy dies days after being bitten by shark in Sydney Harbor

before 10 minute

Why Was Skyscraper Live Postponed and When Will It Air Now?

before 10 minute

Lazzarini: Education is one thing not yet taken from Palestinians

before 10 minute

China’s top general under investigation in latest military purge

before 11 minute

Spicy insights in California for National Hot Sauce Day from Instacart data

before 14 minute

Lucy Powell backs Burnham to stand in by-election as deadline approaches

before 19 minute

Law firm says BU failed to protect student who reported Allston car wash workers

before 19 minute