Covid-19 flare-ups disrupted Chinese factory activity and consumer spending, with new data providing the first glimpse this year into the health of the world’s second-largest economy
The Chinese economy started the year on an uncertain footing, as Covid-19 flare-ups disrupted factory activity and consumer spending, according to a trio of manufacturing and service sector surveys released Sunday.
Two gauges of Chinese manufacturing activity—one official and one private—each retreated in January, while a third measure, of the country’s services sector, brought into relief the deep toll that the latest burst of coronavirus infections has inflicted on domestic demand.
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