China's factory activity expanded at its slowest pace in five months in Jan...
BEIJING - China’s factory activity expanded at its slowest pace in five months in January, even as an outbreak of a new virus added to risks facing the world’s second-largest economy, a private survey showed on Monday.
The findings, which focus mostly on small and export-oriented businesses, were slightly more optimistic than those in an official survey released on Friday, which showed growth had stalled. The outbreak has prompted widespread transport curbs and tough public health measures in the past week that are already hitting the travel, tourism and retail sectors.
Limited improvement in domestic and foreign demand meant some manufacturers did not replenish stocks, said Zhong.
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