close
Choose Your Site
Global
Social Media
Views: 1 Author: Site Editor Publish Time: 2021-09-28 Origin: Site
"COVID-19 is subsiding in China and these measures (the suspension of ports and airports) should not affect manufacturing activity in a prolonged way unless new cases emerge again at ports," said Iris Pang, chief China economist at Dutch bank ING.
The official purchasing managers index for China's manufacturing sector, which gauges the sector's health, declined to an 18-month low of 50.1 in August, versus 50.4 in July, signaling a slower expansion of the sector, the National Bureau of Statistics said on Tuesday. A PMI reading above the 50-mark indicates expansion, while one below signals contraction.