China province Hubei city Beijing virus economy shock Coronavirus China province Hubei city Beijing

Workers return to China’s factories, but coronavirus hurts global demand

Reading now: 345
www.livemint.com

Factory activity expands following sharp contractions, though hopes for a speedy recovery dim Beijing: Chinese workers returned to factory floors in March, but operations remained slow due to sluggish demand, dampening hopes for a speedy recovery as the coronavirus pandemic continues to paralyze the global economy.

Chinese factory activity expanded in March, following sharp contractions in January and February, when Beijing locked down much of central Hubei province and took other drastic measures to contain the virus.

However, smaller companies appeared to lag behind larger companies, many of them state-owned enterprises, in the recovery, according to new private and official surveys of China’s manufacturers.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA