Live: China virus protests hit Hong Kong after mainland rallies

China’s factory activity is expected to have contracted further this month, piling pressure on the economy as COVID restrictions hit production and exports fell despite a flurry of stimulus policies, a Reuters poll showed on Monday.The official manufacturing Purchasing Manager’s Index (PMI) was forecast at 49.0 in November from 49.2 in October, below the 50-point mark which separates contraction from growth, according to the median forecast of economists polled by Reuters.The world’s second-largest economy experienced a broad slowdown in October, with exports falling, inflation slowing and a property slump deepening.To prop up the faltering economy, the central bank last week announced it would cut banks’ required reserve ratio (RRR) for the second time this year, and rolled out a rescue package outlining 16 steps to support the distressed property sector.

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