China factory activity edges down in January amid Covid outbreaks
Beijing (AFP) Jan 30, 2022
Factory activity in China edged down in January, official figures showed Sunday, but slightly exceeded expectations as businesses struggled with sporadic disruptions due to coronavirus outbreaks. The Purchasing Managers' Index - a key gauge of manufacturing activity - in the world's second-largest economy inched down to 50.1, just above the 50-point mark separating growth from contraction.
