Chinese economic activity loses steam after record post-Covid recovery ...News

Russia Today - Economy
Chinese economic activity loses steam after record post-Covid recovery
source : Russia Today ( News ) () 24
The manufacturing and services sectors in China slowed their expansion in the first month of the second quarter, as companies faced supply and logistics problems. The official manufacturing purchasing managers’ index (PMI) fell to 51.1 in April from 51.9 in March, the National Bureau of Statistics (NBS) said on Friday. While a reading above 50 reflects growth in factory output, it was lower than economists’ expectations, with polls of analysts by Reuters and Bloomberg both having predicted a slight drop, to 51.7 and 51.8 respectively. Also on rt.com Chinese industrial giants

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