CBN丨China’s manufacturing, services activities return to expansion territory in Jan: NBS

China’s factory and services activity bounced back in January in the first sign of economic recovery after Beijing optimized its Covid response. The official manufacturing purchasing managers’ index (PMI) rose to a four-month high of 50.1, up from 47 in December, according to the National Bureau of Statistics (NBS), returning to expansion territory for the first time since September 2022.

 

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