China factory activity contracts for first time since April 2020

September 01, 2021 10:02 AM

BEIJING (REUTERS) – China’s factory activity slipped into contraction in August for the first time in nearly 1½ years as Covid-19 containment measures, supply bottlenecks and high raw material prices weighed on output in a blow to the economy.

Source : http://www.straitstimes.com/business/economy/china-factory-activity-contracts-for-first-time-since-april-2020