China December manufacturing contracts sharply as COVID infections soar - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

China’s factory activity shrank for the third straight month in December and at the sharpest pace in nearly three years as COVID infections swept through production lines after Beijing’s abrupt easing of anti-virus measures.

Weakening external demand on the back of growing global recession fears amid rising interest rates, inflation and the war in Ukraine may further slow China's exports, hurting its massive manufacturing sector and hampering the economic recovery.Weakening external demand on the back of growing global recession fears amid rising interest rates, inflation and the war in Ukraine may further slow China's exports, hurting its massive manufacturing sector and hampering the economic recovery.

The dismantling of the anti-virus rules has been welcomed by businesses although it has disrupted operations. Some companies are trying to minimise disruption s by splitting their remaining healthy staff into two teams, with only one team working a particular shift, or maintaining a closed-loop system in their factories and surrounding compounds.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

A great platform that can make everybody smile, for my first time hearing about making money online, I thought is fake but when I try it I realize that is real so I won't keep silent I need everyone to smile like me, Randy_Fxhelps

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks up as battered investors find some positivesDespite Covid worries in China, the US Federal Reserve's aggressive monetary policy dampens inflationary pressures Financial stability is guaranteed to those who work towards it. I have given listening ears to his mentoring and I have learnt that if you wanna get rich, don’t save your money, invest it with AntonHendrik0 and watch how your life would be transformed for the better Obviously also need good performance figures for year end reporting A great platform that can make everybody smile, for my first time hearing about making money online, I thought is fake but when I try it I realize that is real so I won't keep silent I need everyone to smile like me, Randy_Fxhelps
Source: BDliveSA - 🏆 12. / 63 Read more »