China manufacturing growth weakens in January

first_imgBEIJING (AP) — Two surveys show China’s manufacturing growth weakened in January, suggesting its rebound from the coronavirus pandemic is leveling off.  A purchasing managers’ index released by business magazine Caixin declined to 51.5 from December’s 53 on a 100-point scale on which numbers above 50 show activity expanding. A separate index by the national statistics agency and an official industry group, the China Federation of Logistics & Purchasing, retreated to 51.3 from the previous month’s 51.9.  Chinese manufacturing benefited from the country’s relatively early reopening from a shutdown to fight the virus and demand for masks and other exports.last_img

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