Coronavirus: China manufacturing sentiment trails world’s major economies amid lockdowns


Source: scmp.com scmp.com

Key Topics in this News Article:

News Snapshot:

Manufacturing sentiment in China was the worst among the world’s major economies in April, as the government refuses to budge from its zero-Covid policy and geopolitical tensions cloud the growth outlook. The state-affiliated China Federation of Logistics & Purchasing (CFLP) on Friday published a table of the manufacturing purchasing managers’ index (PMI) in 21 major economies for last month. Though China was not on the list, its April reading was worse than any of those countries that were – including Russia, which has been hit by Western sanctions following its invasion of Ukraine. China’s official manufacturing PMI fell to 47.4,...