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China economy

Chinese economy shrinks

The Caixin Purchasing Managers' Index, a closely watched indicator for assessing the state of the economy, fell to 36.2 in April from 42 in March, according to a survey released Thursday by IHS Markit. A reading below 50 indicates…

Chinese economy shrinks

By Laura He, CNN Business China's gigantic services sector has just contracted at the second-fastest pace on record as Covid lockdowns hit businesses hard. The Caixin Purchasing Managers' Index, a closely watched indicator for…

China’s economy is collapsing

Data: FactSet; Graphic: Baidi Wang/AxiosThe biggest engine of global economic growth – China – has stalled as its “zero COVID” policy comes up against a massive virus outbreak and large-scale lockdowns.Why is this important: Many focus on…