China's factory activity shrinks as Covid hits economy
Beijing (AFP) March 31, 2022
China's factory activity shrank in March, official data showed Thursday, as the country's worst Covid outbreak in two years brought sporadic lockdowns and factory closures. The Purchasing Managers' Index (PMI) - a key gauge of manufacturing activity - slid to 49.5, just below the 50-point mark separating growth from contraction, according to data from the National Bureau of Statistics.
