China Appears to be on Brink of a Recession

China may be on the brink of a recession in the wake of its latest strict crackdowns to curb Covid outbreaks across the country, the Wall Street Journal reported on Sunday, citing economists.

Purchasing managers’ indices data released on Saturday showed factory and service-sector activity declined for a second straight month in April, falling to their lowest levels since the onset of the Covid-19 pandemic, the newspaper reported.

Read the full report: The Wall Street Journal.

Foxconn Shifts Operations from Kunshan To Avoid China Covid Hit

AF TV – China Covid Spike Threatens Global Economy

Tesla Halts Shanghai Factory Work as China Covid Curbs Hit

China Covid-19 Curbs Force Vietnam to Diversify Supply Chain

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.