After months of lockdowns caused by the coronavirus pandemic, production at China’s small factories is returning to growth. Photo: Xinhua
China small factory activity rises in May as coronavirus lockdowns end
- Caixin manufacturing purchasing managers’ index (PMI) rises to 50.7 in May from 49.4 in April
- Manufacturers record fastest growth in nine years but demand subdued due to continued decline in export orders
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After months of lockdowns caused by the coronavirus pandemic, production at China’s small factories is returning to growth. Photo: Xinhua