Tanner Brown
Following the lifting of COVID restrictions, government gauges for the sectors expanded in January after shrinking for months
China’s economy is showing new signs of recovery, as the country emerges from a vast COVID-19 wave following the end of strict virus-containment measures.
Government gauges for both the services and factory sectors leapt in January, from worryingly weak readings a month before.
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The official manufacturing purchasing managers index, or PMI, climbed to 50.1 in January, just above the 50 marker that separates growth from contraction, China’s National Bureau of Statistics said Tuesday.
That exceeded a consensus forecast of 49.5 and was far above December’s sobering 47, the lowest reading since the start…
