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China's Production Boost

China’s manufacturing industry has seen a growth for 6 consecutive months, from February to October, which shows an economic success, according to a private report released today. Bouncing back from disappointing growth levels after the outbreak, China has seen a speedy recovery in its factories. The most recent survey by Caixin/Markit reveals that supply and demand for goods have restored due to nice handling of the coronavirus. Caixin/Markit PMI (Purchasing Managers’ Index) stood at 53.6 in October and furthermore the newest reading reportedly came to the highest since 2011. However, according to Wang Zhe, the senior economist at Caixin Insight Group, employment is not fully recovered. Samira H.
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By Samira Hassanzadeh on October 19, 2021

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