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China Manufacturing Shrank in Dec

Updated: Jan 1, 2023

For the third time this December and with nearly three years as COVID infections swept through production lines across the country, China's factory activity shrank heavily.

The slip is considered the biggest since the early days of the pandemic in February 2020. Furthermore, the surging infections could cause temporary labor shortages and supply chain disruptions.

On the other hand, China's banking and insurance regulator declared this week to offer financial support to small businesses in the catering and tourism sectors that were affected by the COVID-19 epidemic.


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