Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Boston University Names Melissa L. Gilliam 11th President

    October 4, 2023

    OKX to Award over USD200k in Prizes with OKX Crypto Cricket Cup Campaign for Cricket Fans

    October 4, 2023

    Bar-Ilan University introduces game-changing blood sugar monitor for smartphones

    October 4, 2023
    Facebook X (Twitter) Instagram
    Amman PressAmman Press
    • Automotive
    • Business
    • Entertainment
    • Health
    • Luxury
    • Lifestyle
    • News
    • More
      • Sports
      • Technology
      • Travel
    Amman PressAmman Press
    You are at:Home » Manufacturing in China continues to deteriorate as lockdowns persist
    Business

    Manufacturing in China continues to deteriorate as lockdowns persist

    April 30, 2022
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    A survey released on Saturday showed that the manufacturing sector in China fell to a six-month slump in April due to lockdowns that were carried out in Shanghai and other manufacturing hubs in the wake of COVID-19 outbreaks that were reported in the country. On a 100-point scale, the country’s purchasing managers’ index, which is released once a month by the National Bureau of Statistics of China, has dropped to 47.4 from 49.5 in March. Numbers below 50 indicate contraction in activity.

    Manufacturing in China continues to deteriorate as lockdowns persistThe outbreaks of COVID-19 in China have affected the country’s factory activities as well as market demand, according to the bureau’s statistician. As a result of the economic downturn, some companies have cut production or even stopped production, disrupting logistics and the supply of raw materials and components.

    During the month of April, Shanghai, China’s most populous city, was locked down for weeks. This week, millions of residents in Beijing were subjected to mass testing. According to the authorities in Changchun and Jilin, Changchun and the northeast region are also in lockdown and have forced all automakers, factories, and other businesses to close. A number of other smaller Chinese cities have also been subjected to city-wide or district-level lockdowns.

    Over the same period, non-manufacturing business activity decreased by 6.5 percentage points, according to the Central Bureau of Statistics. In the service sector, activity fell in February to 40 after rising to 46.7 in February of the previous year. During the outbreaks, air travel, lodging, and catering all suffered adverse effects, the bureau said.

    Related Posts

    Post-holiday blues hit Hong Kong’s Chinese equities as economic concerns rise

    By Elsabeth SchneiderOctober 4, 2023

    World Bank’s revised outlook for East Asia reflects China’s economic hurdles

    By Elsabeth SchneiderOctober 3, 2023

    Maritime’s green future priced at $28 billion annually until 2050 by UNCTAD

    By Elsabeth SchneiderSeptember 29, 2023

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    By Elsabeth SchneiderSeptember 11, 2023
    Latest News

    Bar-Ilan University introduces game-changing blood sugar monitor for smartphones

    October 4, 2023

    A trailblazing development from Bar-Ilan University’s Faculty of Engineering is revolutionizing the world of health tech. Professor…

    Diplomatic rift grows as India seeks repulsion of 41 Canadian diplomats

    October 4, 2023

    Post-holiday blues hit Hong Kong’s Chinese equities as economic concerns rise

    October 4, 2023

    Finland blazes a trail with the world’s first digital passport system

    October 3, 2023

    World Bank’s revised outlook for East Asia reflects China’s economic hurdles

    October 3, 2023

    Amazon drought results in over 100 dolphin deaths

    October 2, 2023
    © 2023 Amman Press | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.