- ASSOCIATED PRESS
China manufacturing weakens as anti-virus controls tighten
14:44 JST, March 31, 2022
BEIJING (AP) — China’s manufacturing activity fell to a five-month low in March after most of Shanghai and two other industrial centers were shut down to fight coronavirus outbreaks, a survey showed Thursday.
The monthly purchasing managers’ index of the Chinese statistics agency and an industry group, the China Federation of Logistics and Purchasing, fell to 49.5 from February’s 50.2 on a 100-point scale. Numbers below 50 show activity contracting.
Sub-indicators of new orders, new export orders, employment, production and business expectations all declined, the report said.
“Even if the outbreak is brought under control soon, it will still take a while for the economy to get back on track,” Julian Evans-Pritchard of Capital Economics said in a report.
Most businesses in Shanghai, China’s most populous city, have been ordered to close while millions of people are tested for the virus.
Access to Changchun and Jilin in the northeast has been suspended, forcing automakers and other factories to shut down. Restrictions also have been imposed on some smaller cities.
"NEWS SERVICES" POPULAR ARTICLE
Japanese Actor-Director Kitano Says His New Film Explores Homosexual Relations in the Samurai World
Japan’s Nikkei Muted; Set to Post First Weekly Drop in Five as Tech Stocks Drag
Japan’s Nikkei Pares Early Gains as Investors Lock in Profits
Israel Searches for Traces of Hamas in Raid of Key Gaza Hospital Packed with Patients
Japan’s Nikkei Inches Down as Automakers Skid on Yen Strength
JN ACCESS RANKING
- Exports of Nishikigoi Carp to China Halted; Permits for Japanese Aquaculture Facilities By China Have Expired
- Japan April-Sept. Current Account Surplus Hits Record High
- Japan 2023 Food Exports Reach 1 Tril. Yen at Record Pace
- 69.7 Bil. Yen in COVID-19 Loans to Small Businesses Uncollectible
- AI-generated Child Porn Floods Japan-based Website (Update 1)