Factory activity in China expanded at a slower pace in May as the country attempts to get back on track after the coronavirus, official data ...
An employee works on an Airbus A220 aircraft at a factory in Shenyang in China's northeast AFP/STRBEIJING: Factory activity in China expanded at a slower pace in May as the country attempts to get back on track after the coronavirus, official data showed Sunday , with the global economic slump making the sector's recovery difficult.
NBS senior statistician Zhao Qinghe pointed to weakness in China's imports and exports, saying"the epidemic situation and economic situation globally remain severe and complex, and foreign market demand is still shrinking".Advertisement Business activity in the cultural, sports and entertainment industry, however, remains low with many entertainment venues still closed amid fears of a second wave of COVID-19 infections.
It is also likely to be"unsustainable" as new cases peak and more countries ramp up their own production of goods, they said.
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