About: http://data.cimple.eu/news-article/8a9534e9f00e8b681b403793671edbde7eaa34086a5cb4d01d48e0b0     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • China's manufacturing activity slipped in January, official data showed Friday, as the country grapples with a new virus that has claimed more than 200 lives. Official figures released Friday showed that the Purchasing Managers' Index (PMI) for manufacturing, an early gauge of factory activity, came in at 50.0, down slightly from 50.2 in the month before. A reading above 50 indicates the sector is expanding while below 50 shows a contraction. The findings come as China battles the spread of a new virus that has caused an unprecedented shutdown of transport and manufacturing in China, and locked down much of Hubei province -- the epicentre of the outbreak. But the National Bureau of Statistics warned that because the survey was conducted before January 20, "the impact of pneumonia caused by the new coronavirus has not yet (been) fully manifested". "Future trends will need further observation," it said in a statement. The first cases of the outbreak appeared in early December, but many of the restrictions came into effect over the last week, after the data were gathered. The non-manufacturing activity index stood at 54.1, an improvement from 53.5 in December. Demand ahead of the Chinese New Year holiday was said to have contributed to December's expansion after a tough year for China as it underwent a bruising trade war with the United States. But despite a partial trade deal signed in mid-January, the latest numbers come as China took a hit in recent weeks from the spread of the new virus. Chinese holidaymakers have been staying home in a highly unusual Lunar New Year this year as local authorities closed public attractions, cancelled major events and urged people to avoid large gatherings. Cinemas around China have closed as well during what is generally a prime time for blockbuster releases. Other countries have told their citizens to avoid travel to China, with several airlines trimming back their schedules. Manufacturers, too, are not taking any chances, with Taiwanese tech giant Foxconn keeping its Chinese factories closed until mid-February. Toyota, IKEA, Starbucks, Tesla, McDonald's and Volkswagen were among the corporate giants temporarily freezing production or closing large numbers of outlets in China. The holidays may mean there is little immediate impact on auto-manufacturers' production, but there is growing concern surrounding the virus' longer-term effects on the economy. bys/rox/jah
schema:headline
  • China's factory activity falls in January as virus fears grow
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
http://data.cimple...tology#hasEmotion
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software