Tag: china’s factory activity

Chinese Factory Activity Sinks, Weighing on Weak Economy

July 31, 2022
Business & MarketsChinaChina Business & Economychina's factory activitychinese manufacturingeconomyXi Jinping
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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…

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Factory Slowdown Strengthens Concerns About Global Recession

July 1, 2022
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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