SHANGHAI– China’s coronavirus epidemic is depressing its economic outlook, with brand-new government readings on the manufacturing and service sectors verifying informal indicators that the country is having a hard time to get back to work.
A Chinese government index that tracks belief among purchasing managers at makers fell to its lowest level on record in February, dropping deep into area that suggests a contraction. China’s National Bureau of Stats stated Saturday that its 15- year-old index tumbled to 35.7 from …
%%.
source https://jobsearchtips.net/chinas-economy-reels-as-coronavirus-strikes-production-worse-than-financial-crisis/
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