Chinese manufacturing contracted for a third consecutive month in December, in the biggest drop since early 2020.
FILE - Shoppers walk through a reopened shopping mall after authorities started easing some of the anti-virus controls in Beijing on Dec. 6, 2022. Chinese manufacturing weakened for a third consecutive month in December, in the biggest drop since early 2020, as the country battles a nationwide COVID-19 surge after suddenly easing its anti-epidemic measures. A monthly purchasing managers’ index declined to 47.0 from 48.
manpower was insufficient, and delivery time had been extended,” said Zhao Qinghe, a senior economist at the statistics bureau in a published analysis of the December data.
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