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Economy

China factory, service activity hit 7-month lows on COVID curbs

Virus controls further slow economy hampered by weak property market

A worker in protective clothing passes a package to a person at a residential compound under lockdown, following a COVID-19 outbreak in Beijing on Nov. 26. 

BEIJING (Reuters) -- China's manufacturing and services activities shrank further in November to seven-month lows, official data showed, stung by the country's strict COVID-19 restrictions and rising infections that analysts said will hurt the economy well into 2023.

As the coronavirus has spread in China, Beijing has imposed prolonged lockdowns in several places. The clampdowns have hit production at the world's biggest iPhone factory of Apple Inc in China, and, according to an analyst's estimate, now impact about a quarter of the country's gross domestic product.

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