China manufacturing activity contracts for first time in four months

Beijing (AFP) Jan 27, 2025

China's manufacturing activity shrank in January for the first time in four months, official data showed Monday, as Beijing struggles to sustain the recovery of the world's second-largest economy. Policymakers have battled to reverse a post-pandemic slump driven by a crisis in the property sector, weak consumption and high government debt. The Purchasing Managers' Index (PMI) - a key me