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Tech demand drives Asia's factory revival, China's slowdown puts dampener

China's was the first major economy to lead the recovery from the COVID-19 shock, so any signs of prolonged cooling in Asia's engine of growth will likely be a cause for concern

factory activity | US Manufacturing | Asia Markets

Reuters  |  TOKYO 

By Leika Kihara TOKYO (Reuters) - Solid demand for technology goods drove extended growth in Asia's factories in February, but a slowdown in China underscored the challenges facing the region as it seeks a sustainable recovery from the shattering COVID-19 pandemic blow. The vaccine rollouts globally and pick-up in demand provided optimism for a vast number of businesses that had grappled for months with a cash-flow crunch and falling profits. In Japan, manufacturing activity expanded at the fastest pace in over two years while South Korea's exports rose for a fourth ...

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First Published: Mon, March 01 2021. 09:20 IST