China factory activity slows as global slump drags on growth

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BEIJING (AFP) - 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 (May 31), with the global economic slump making the sector's recovery difficult.. Read more at straitstimes.com.

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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