China’s factory activity picks up as anti-virus restrictions ease
The data suggest a “lockdown recovery got underway across most parts of the economy,” said Sheana Yue of Capital Economics in a report. Export growth, reported last week, accelerated to 16.9% in May from the previous month’s 3.7%. Import growth rose to 4.1% from April’s 0.7%. China’s factory output increased in May, contributing to the … Read more