Press releases about business, cryptocurrency, fintech and more news in Hong Kong and Asia

China factory activity expands for first time in four months as Covid-19 curbs ease

BEIJING (REUTERS) – China’s factory and service sectors snapped three months of activity decline in June, business surveys showed on Thursday (June 30), as authorities lifted a strict Covid-19 lockdown in Shanghai, reviving output and consumer spending. The official manufacturing purchasing managers’ index (PMI) rose to 50.2 in June from 49.6 in May, the National Bureau […]

China’s economy improves in June from lockdown-induced slump

BEIJING (BLOOMBERG) – China’s economy showed some improvement in June as Covid restrictions were gradually eased, although the recovery remains muted. That’s the outlook based on Bloomberg’s aggregate index of eight early indicators for this month. The overall gauge returned to the neutral level after deteriorating for two straight months. Economic activity picked up in […]