You are here

China's manufacturing sector expands in May; unemployment remains high

China's economy contracted by 6.8 per cent in the first quarter and growth is expected to hover above 1 per cent for the full year. The biggest impact has been on the unemployment sector with an estimated 70 to 80 million workers out of jobs.


CHINA'S vast manufacturing sector grew last month as scores of factories continued to reopen after more than two months in lockdown, but demand remains weak pointing to slow economic recovery ahead.

The Caixin/Markit Manufacturing Purchasing Manager's Index (PMI) published...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to