Tech demand drives Asia s factory revival; China s slowdown puts dampener
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Chinese factory activity PMI falls to lowest since May 2020
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China s factory activity growth slips to 9-month low: PMI
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Solid demand for technology goods drove extended growth in Asia’s factories last month, but a slowdown in China underscored the challenges facing the region as it seeks a sustainable recovery from the shattering COVID-19 pandemic blow.
The vaccine rollouts globally and a pickup in demand provided optimism for a vast number of businesses that had grappled for months with a cash flow crunch and falling profits.
In Japan, manufacturing activity expanded at the fastest pace in more than two years, while South Korea’s exports rose for a fourth straight month last month, suggesting the region’s export-reliant economies were benefiting from robust global