Chinese production contracted for a 3rd successive month in December, in the greatest drop giventhat early 2020, as the nation fights a acrossthecountry COVID-19 rise after unexpectedly reducing anti-epidemic procedures
BEIJING — Chinese production contracted for a 3rd successive month in December, in the greatest drop consideringthat early 2020, as the nation fights a acrossthecountry COVID-19 rise after unexpectedly reducing anti-epidemic procedures.
A regularmonthly buying supervisors’ index decreased to 47.0 from 48.0 in November, according to information launched from the National Bureau of Statistics on Saturday. Numbers listedbelow 50 suggest a contraction in activity.
The contraction was the greatest consideringthat February 2020, when the COVID-19 pandemic had simply began.
The weakening comes as China earlier this month quickly unwinded COVID-19 limitations after yea