Chinese manufacturing is shrinking sharply as the number of COVID infections rises

BEIJING, Dec. 31 (Reuters) – China’s factory activity contracted at its strongest pace since the pandemic first broke out nearly three years ago, after Beijing abruptly reversed anti-epidemic measures this month, sparking a wave of COVID infections across the country . The official purchasing managers index (PMI) fell from 48.0 in November to 47.0 in … Read more