China’s factory activity expands, but job losses quicken amid weak exports: Caixin PMI

The Business Times | Jul 1, 2020 at 2:00 AM
  • China’s factory activity grew at a faster clip in June after the government lifted coronavirus lockdown measures and ramped up support steps, but the health crisis continues to pressure exports and jobs, a private business survey showed on Wednesday.
  • China’s economy is gradually emerging from a sharp 6.8 per cent contraction in the first quarter.
  • Despite a pick-up in domestic orders, the uncertain outlook forced factories to cut payrolls for the sixth consecutive month.