about 2 months ago • 1:34 min
Data out on Wednesday showed that China’s economic activity slowed even further last month, as Covid infections and restrictions played havoc with industry.
What does this mean?
Irate citizens are just one result of China’s ongoing restrictions: business has also taken quite a bruising. Over half of Chinese firms reported Covid cases in the workforce last month, as November’s infections hit an all-time high. And with the country’s uber-strict Covid rules still in force, it’s no surprise that’s sapping manufacturing: gauges measuring raw material stock, new orders, and employment all shran