Major subindices gauging production, new orders and deliveries indicate persistent weakness in demand and the overall business climate. Photo: Xinhua
China’s factories see activity slump to lowest level in almost 3 years as Covid-19 batters economy
- Official manufacturing purchasing managers’ index slides to 47 in December
- 56.3 per cent of producers have noted big impact from the pandemic on their operations
Major subindices gauging production, new orders and deliveries indicate persistent weakness in demand and the overall business climate. Photo: Xinhua
