SHANGHAI -- China's factory activity in January rose for the first time four months, hinting at a rebound in the world's No. 2 economy after Beijing ditched a yearslong zero-COVID policy that dented production and supply chains.
The official manufacturing purchasing managers' index (PMI) came in at 50.1 this month, the National Bureau of Statistics reported on Tuesday, ending a string of contractions and up from 47.0 in December in what was the sharpest fall since early 2020, at the start of the pandemic.
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