Covid

Chinese economy shows solid rebound after end of Covid measures

Chinese economy shows solid rebound after end of Covid measures

China's economy is showing signs of a rebound stronger after restrictions are droppeds imposed to contain the covid. Manufacturing activity posted its biggest improvement in more than a decade, while service activity grew and the housing market shows signs of consistency. The manufacturing purchasing managers' indexrose to 52.6 last monththe national statistics office said on Wednesday, the highest reading since April 2012. A non-manufacturing indicator that measures activity in the services and construction sectors improved to 56.3. Both indices beat economists' expectations. The PMI figure provides the first complete data on the recovery of the economy After the restrictions imposed…
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