 "china economy, china covid, china lockdown")
China’s manufacturing and services activities shrank further in November to seven-month lows, official data showed, stung by the country’s strict Covid-19 rcurbs and rising infections that analysts said will hurt the economy well into 2023.
Against this backdrop, the official manufacturing purchasing managers’ index (PMI) came in at 48.0 for November against 49.2 in the previous month, the lowest reading in seven months, according to data released by the National Bureau of Statistics (NBS) on Wednesday.
Separately, the non-manufacturing PMI, which looks at services sector activity, fell to 46.7 from 48.7 in October, also the lowest reading in seven months.
