Tag: China factory activity

China’s factory activity slows in May, raising questions over its economy

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China’s factory activity slows in May, raising questions over its economy

The new orders sub-index dropped to 49.9 from 50.6 in April, while the sub-index on production edged down to 51.2 from April’s 51.5. The sub-index for raw material stockpiles fell to 48.6 from 49.3 in April. | Photo Credit: Reuters China’s factory activity was flat in May, according to an official survey released on Sunday…

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World

China factory activity dips as property pain persists

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China factory activity dips as property pain persists

Workers labor in a factory of automotive aluminium wheel hubs in Binzhou city in east China’s Shandong province on May 27, 2024. China’s manufacturing activity unexpectedly fell in May, keeping alive calls for fresh stimulus as a protracted property crisis in the world’s second-largest economy continues to weigh on business, consumer and investor confidence. The…

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Business