China’s factories creep back to life as Covid curbs ease ...Middle East

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China’s factories creep back to life as Covid curbs ease
source : Daily Sun ( Middle East ) () 10
BEIJING: The contraction gripping China’s manufacturing sector slowed in May, data showed Tuesday, as some factories gradually resumed work after the easing of strict Covid lockdowns.The Purchasing Managers’ Index (PMI) -- a key gauge of manufacturing activity -- edged up to 49.6, officials said, from April’s 47.4, which was the worst reading since early 2020.However, the reading remained stuck below the 50-point mark separating growth from contraction.The figures come as Beijing’s zero-Covid policy aimed at stamping out infections with lockdowns and mass testing is challenged by a surge in the fast-spreading Omicron variant.Dozens of cities, including economic powerhouses Shanghai and Shenz

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