China's factory activity contracts for fifth straight month

After Lunar New Year seasonal factors, focus on legislative moves and March figures

20240301 china factory

A production line for Leapmotor electric vehicles in Jinhua, Zhejiang province, China. The country's overall manufacturing activity has contracted for five straight months. (China Daily via Reuters)

CK TAN, Nikkei staff writer

SHANGHAI -- China's factory activity shrank for the fifth straight month in February, amid seasonal factors and persistently poor business sentiment.

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