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Chinese factory activity slumps in March

April 1, 2022 

Chinese factory activity in March shrank from February: it has been weighed down by new rounds of outbreaks of COVID-19 and an uncertainty brought by geopolitical conflicts, according to Zhao Qinghe, a senior statistician from the National Bureau of Statistics (NBS). 

The official manufacturing Purchasing Managers' Index (PMI) dropped to 49.5 from last month's 50.2, data from NBS showed on Thursday.

(Sources: China Report)

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