China factory recovery moderates as higher costs slow business ...Qatar

China’s factory activity expanded in December as hot export demand fuelled a recovery in the world’s second-largest economy from the coronavirus slump, although higher labour and transport costs slowed the pace of growth. The official manufacturing Purchasing Manager’s Index (PMI) fell to 51.9 in December from 52.1 in November, data from the National Bureau of Statistics (NBS) showed yesterday. The index remained above the 50-point mark that separates growth from contraction but was a tad below the 52.0 in a Reuters’ poll of analysts. China’s vast industrial sector has staged an impressive recovery from the coronavirus shock thanks to surprisingly strong exports. The economy is expected to

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China factory recovery moderates as higher costs slow business ...Qatar

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