SHANGHAI -- China's manufacturing activity contracted again in August as repeated COVID-19 outbreaks took a toll on the economy and high power demand during record heat waves triggered factory shutdowns.
Factories forced offline after August heat wave sparked air-conditioning surge
An employee makes ice blocks at a factory in China as the country grapples with a record heat wave that stretched its power grid. © Reuters
SHANGHAI -- China's manufacturing activity contracted again in August as repeated COVID-19 outbreaks took a toll on the economy and high power demand during record heat waves triggered factory shutdowns.