Sugar factory activity rose higher in December as supply disruption eased and export demand weakened, a survey shows
BEIJING: Sugar factory activities intensified in December due to supply disruptions and weak export demand.
The monthly Purchasing Managers Index, released by the National Statistics Agency and an industry group, rose to 50.3 on a 100-point scale from November’s 50.1, with numbers above 50 indicating an uptick in activity.
Chinese manufacturing has been hampered by shortages of some components, including semiconductors and disruptions in shipping. Some regions ordered factories to temporarily close in September to meet official energy efficiency targets.
“The overall recovery of China’s economy is clear,” economist Zhang Liqun said in a statement issued by the federation. However, he said, the country needs to “enhance the overall effect of the policy of expanding domestic demand” and keeping industrial supply running smoothly.