Factory activity in China unexpectedly expanded in March after contracting sharply to a record low, but the rapid global spread of the coronavirus ...
Factory activity in China unexpectedly expanded in March after contracting sharply to a record low, but the rapid global spread of the coronavirus is expected to keep businesses and the overall economy under heavy pressure as foreign demand slumps.
The Purchasing Managers' Index rose to 52 in March from the collapse to a record low of 35.7 in February, China's National Bureau of Statistics said on Tuesday, and above the neutral 50-point mark that separates growth from contraction on a monthly basis.Analysts polled by Reuters had expected the March headline reading to come in at 45.0.
Analysts are forecasting China to suffer a steep economic contraction in the first quarter due to widespread disruptions to business and consumer activity caused by the virus as authorities put in place tough public measures to contain the pandemic.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
While You Were Sleeping: 5 stories you might have missed, March 31A selection of news stories that happened overnight, March 31, 2020.. Read more at straitstimes.com.
Read more »
While You Were Sleeping: 5 stories you might have missed, March 30A selection of news stories that happened overnight, March 30, 2020.. Read more at straitstimes.com.
Read more »
Netherlands recalls 600,000 face masks from China due to low qualityDutch officials have recalled 600,000 face masks manufactured in China because they did not meet quality standards, the government’s health ministry said on Saturday.The news shocked frontline medical staff in the Netherlands, who rely on high-quality products to protect them from contracting Covid-19
Read more »
US spies find coronavirus spread in China, North Korea, Russia hard to chartWASHINGTON (REUTERS) - As US spy agencies seek to assemble a precise picture of the world's coronavirus outbreaks, they are finding serious gaps in their ability to assess the situation in China, Russia and North Korea, according to five US government sources familiar with the intelligence reporting.. Read more at straitstimes.com.
Read more »
Basketball: Ex-Knicks star Marbury makes huge China mask dealNEW YORK: Former NBA star Stephon Marbury, now coaching in China, says he has a deal with a Chinese manufacturer to provide 10 million coronavirus ...
Read more »
White House-led airlift of urgently needed medical supplies arrives in US from ChinaWASHINGTON (REUTERS) - A planeload of desperately needed medical supplies arrived in New York from China on Sunday (March 29), the first in a series of flights over the next 30 days organised by the White House to help fight the new coronavirus, a White House official said.. Read more at straitstimes.com.
Read more »