SHANGHAI -- China posted a surprise expansion in factory activity in September, reversing months of declines despite the impact of repeated COVID-19 lockdowns and weakening exports.
Outlook still tepid after upbeat PMI data amid weaker exports, virus curbs
An employee at a Nio electric vehicle factory in Anhui province. China beat PMI expectations for its first expansion since June, but the outlook for the country's economy remains tepid. © Reuters
SHANGHAI -- China posted a surprise expansion in factory activity in September, reversing months of declines despite the impact of repeated COVID-19 lockdowns and weakening exports.