China's manufacturing and services activities shrank further in November to seven-month lows, official data showed, stung by the country's strict COVID-19 restrictions and rising infections that analysts said will hurt the economy well into 2023.
As the coronavirus has spread in China, Beijing has imposed prolonged lockdowns in several places. The clampdowns have hit production at the world's biggest iPhone factory of Apple Inc
Against this backdrop, the official manufacturing purchasing managers' index came in at 48.0 for November against 49.2 in the previous month, the lowest reading in seven months, according to data released by the National Bureau of Statistics on Wednesday. Economists in a Reuters poll had expected a PMI of 49.0.
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