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China Factory, Services Activities Slide to 7-Month Lows on COVID-19 Curbs

Started by Epoch-Times-Bot, Dec 02, 2022, 12:06 AM

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Epoch-Times-Bot

Dec 02, 2022, 12:06 AM
China Factory, Services Activities Slide to 7-Month Lows on COVID-19 Curbs

BEIJING—China’s manufacturing and services activities shrank further in November to seven-month lows, official data showed, stung by the country’s strict COVID-19 restrictions and rising infections that analysts said will hurt the economy well into 2023.
As the coronavirus has spread in China, Beijing has imposed prolonged lockdowns in several places. The clampdowns have hit production at the world’s biggest iPhone factory of Apple Inc. in China, and, according to an analyst’s estimate, now impact about a quarter of the country’s gross domestic product.
The stringent COVID-19 measures also stoked rare street protests across many cities over the weekend....

Source: China Factory, Services Activities Slide to 7-Month Lows on COVID-19 Curbs

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