Employees work on a dry-type transformer production line at an electrical production factory in Haian, in eastern China’s Jiangsu province
BEIJING – Factory activity in China slowed slightly in January, official data showed Sunday, as the country rushed to stamp out a recent coronavirus wave in northern China.
The purchasing managers’ index (PMI), a key gauge of manufacturing activity, came in at 51.3 this month, as the world’s second-largest economy tightened Covid-19 precautions ahead of the Lunar New Year.
The figure was slightly below December’s reading of 51.9, although still above the 50-point mark separating growth from contraction.
“Recently, local clusters of the epidemic emerged successively in many places across the country, and the production and operations of some enterprises were temporarily…
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