The country has seen a surge in demand for travel, entertainment and other leisure services that were curbed for nearly three years during the pandemic. China's new premier Li Qiang said Thursday the economy was showing "strong momentum" despite a challenging global environment, pledging increased support for business.
China manufacturing activity rebounds in January
The world's second-largest economy is roaring back to life after Beijing's decision last month to abruptly drop its strict zero-Covid policy, which mandated strict lockdowns, sparking protests and hammering businesses. The official manufacturing purchasing managers' index (PMI) - a key gauge of Chinese factory output - rose to 50.1 this...China’s manufacturing activity drops despite lifted Covid restrictions
For more than two years, China had insisted on a zero-Covid strategy of stamping out outbreaks with strict quarantines, lockdowns and mass testing - a hardline policy that reverberated across the global economy. On December 7, Beijing abruptly loosened pandemic restrictions, but despite that, the country is still struggling to...