Manufacturing in China and Japan suffered in January amid a resurgence in coronavirus infections, while South Korea and Taiwan saw improvements, underscoring the fragile and uneven nature of the region's economic recovery.. Read more at straitstimes.com.
China's factory activity expanded at the slowest pace in seven months at the start of 2021, weighed down by falling export orders amid a surging global pandemic and rising costs, a business survey showed on Monday.
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China s factory activity expanded at the slowest pace in seven months at the start of 2021, weighed down by falling export orders amid a surging global pandemic and rising costs, a business survey showed on Monday. The slowdown in the manufacturing sector underscores the fragility of the ongoing economic recovery in China, as Beijing grapples with a resurgence of local Covid-19 cases in northern China and navigates rising tensions with Washington and its allies.
Asian shares slip for 5th straight session, silver gets retail boost The Caixin/Markit Manufacturing Purchasing Managers Index (PMI) dropped to 51.5 last month, the lowest level since June last year and easing markedly from December s reading of 53.0. The 50-mark separates growth from contraction on a monthly basis.