BEIJING - Factory activity in China expanded at a slower pace in May as the country attempts to get back on track after the coronavirus, official data showed on Sunday , with the global economic slump making the sector's recovery difficult.
But the figure was down slightly from 50.8 the month before, and 52.0 in March, according to the National Bureau of Statistics . Business activity in the cultural, sports and entertainment industry, however, remains low with many entertainment venues still closed amid fears of a second wave of Covid-19 infections.
It is also likely to be"unsustainable" as new cases peak and more countries ramp up their own production of goods, they said.
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US moves over Hong Kong further fray China ties, but may have limited effect on BeijingWASHINGTON - Relations between China and the United States took a turn for the worse on Friday (May 29) when President Donald Trump announced a series of measures intended to exact a price from Beijing for changing the status quo in Hong Kong.. Read more at straitstimes.com. If you do not want to confess crime on TV without trial, or disappear when you back home because of selling books, Stand with HK. Stand with democracy and human rights. And the Hongkongers will suffer! It’s all a rather muted response that will not have much impact on either HK or China in the short term. Typical US political posturing for Nov election. Too much at stake for US corporations in HK. If it hurts the wallet dearly, Americans wouldn’t be too harsh on HK.
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