China's manufacturing rebounds as virus controls ease


China's manufacturing rebounds as virus controls ease

Wednesday, April 01, 2020

Print this page Email A Friend!

BEIJING, China (AP) — China's manufacturing rebounded in March as authorities relaxed anti-disease controls and allowed factories to reopen, an official survey showed yesterday, but an industry group warned the economy has yet to fully recover.

The ruling Communist Party is trying to revive the world's second-largest economy after declaring victory over the coronavirus, even as the United States and other governments shut down businesses.

The purchasing managers' index issued by the Chinese statistics bureau and the official China Federation of Logistics & Purchasing rose to 52 from February's record low of 35.7, on a 100-point scale on which numbers above 50 show activity increasing.

The federation and private sector economists cautioned the economy still faces challenges as manufacturers rebuild supply chains and authorities try to prevent a spike in infections as employees stream back to work.

“Looking forward, while the lowest point is behind us it's not the time to celebrate,” said Larry Hu of Macquarie Capital.

Hu said the economy faces potential headwinds including a second wave of coronavirus outbreak, a possible global recession, and financial shock due to plunging oil prices.

The shutdown of China's economy sent out global shockwaves, battering Asian countries that supply its factories with components and raw materials and disrupting shipping, airline and other industries.

Authorities say State-dominated industries such as steel are close to normal production but automakers and other private sector manufacturers say they are operating below normal levels. They say the pace of their recovery depends on how quickly their supply chains can be restored.

The latest data “do not indicate that economic activity has fully recovered”, China Federation of Logistics & Purchasing said in a statement.

The country needs to “understand the unprecedented severity and complexity of the current domestic and international economic situation” and “return to work and production and expand domestic demand”, the group said.

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at




1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed:

6. If readers wish to report offensive comments, suggest a correction or share a story then please email:

7. Lastly, read our Terms and Conditions and Privacy Policy

comments powered by Disqus



Today's Cartoon

Click image to view full size editorial cartoon