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Economy

China's factory activity expands for second month, but slump in export orders deepens

Updated : April 30, 2020 07:55 AM IST

With the coronavirus under control domestically, China's economy has begun to open up again as authorities loosen lockdown restrictions including stay-at-home orders.
The service sector, which accounts for 60 percent of China's GDP, also saw an expansion in activity, with the official non-manufacturing PMI rising to 53.2 from 52.3 in March, a separate NBS survey showed.
China's factory activity expands for second month, but slump in export orders deepens

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