China’s Manufacturing Activity Pummeled by Covid Restrictions

China’s Manufacturing Activity Pummeled by Covid Restrictions

BEIJING—Readings of Chinese factory and service-sector activity worsened dramatically in April, falling to their lowest levels since the early days of the Covid-19 outbreak, as recent lockdowns in dozens of cities across the country shut factories and pummeled consumer spending. China’s National Bureau of Statistics said Saturday that its official manufacturing purchasing managers index dropped

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