Friday 9th of May 2025
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Headlines : * Expectant mother among 5 killed as bus hits ambulance on expressway   * Bangladesh sends 40 Myanmar nationals back home   * 66 Indians pushed into Bangladesh thru Khagrachhari borders   * Bangladesh tightens border security amid Indo-Pak tensions   * Investor optimism grows as US-China trade talks, China’s rate cuts lift Asian stocks   * ECNEC greenlights Tk 244cr project to boost disaster reilience   * India airstrikes Pakistan targeting 2 mosques, 8 killed   * Trump’s 100% tariff on foreign films shakes global film industry   * UN chief urges `maximum restraint` in India, Pakistan standoff   * All airports in Moscow shut after drone attack  

   Business
China factory activity shrinks for second straight month
  Date : 09-05-2025

China`s factory activity contracted in November for the second month in a row, official data showed Thursday, piling pressure on the government to provide more support for the flagging economy.

The manufacturing purchasing managers` index -- a key measure of factory output -- dipped to 49.4, the National Bureau of Statistics said.

The figure was slightly down from October and also weaker than the 49.8 forecast in a survey by Bloomberg.

China began dismantling its draconian zero-Covid restrictions in December 2022 after almost three years, which allowed the economy to rebound.

But that recovery has been hampered by weak consumer and business confidence, a persistent housing crisis, record youth unemployment and a global slowdown which is weighing on demand for Chinese goods.

After a tough year for the world`s number-two economy, there have been flickers of life in recent weeks, with third-quarter growth coming in more than expected at 4.9 percent.

But Beijing still faces an uphill battle to achieve its stated annual target of around five percent. BSS/AFP



  
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