BEIJING—Chinese manufacturing’s recovery from anti-virus shutdowns faltered in July as activity sank, a survey showed Sunday, adding to pressure on the struggling economy. Factory activity was depressed by weak global demand and anti-virus controls that are weighing on domestic consumer spending, according to the national statistics agency and an official industry group, the China Federation…
Chinese Factory Activity Sinks, Weighing on Weak Economy
July 31, 2022
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Business & MarketsChinaChina Business & Economychina's factory activitychinese manufacturingeconomyXi Jinping
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Factory Slowdown Strengthens Concerns About Global Recession
July 1, 2022
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Business & Marketschina's factory activityeconomic recessioneconomyfactory growth slowsmanufacturing PMIrecessionUS
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A slowdown in factory growth across the United States, Europe, and Asia is strengthening fears of a global recession. “June PMI survey data showed the eurozone manufacturing economy ending the second quarter on a low as production levels fell for the first time in two years,” S&P Global said in a July 1 press release…
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