China manufacturing begins to rebound as COVID-19 restrictions ease
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Manufacturing in China started to improve in May after the country lifted coronavirus lockdowns that shut down China's richest and most populous city of Shanghai, as well as other industrial areas, according to an official survey released Tuesday.
The Purchasing Managers' Index of the National Bureau of Statistics of China's manufacturing industry jumped from 47.4% in April to 49.6% this month on a 100-point scale. Numbers below 50 reveal activity contracting.