Economics
China’s Economic Recovery Slows Amid Holiday Disruptions
- Manufacturing PMI drops to nine-month low in February
- Travel restrictions prevented many workers from returning home
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China’s economic recovery slowed in February as factories shut during the Lunar New Year holidays and virus restrictions dampened what’s usually a busy travel season.
Manufacturing activity is usually distorted by the week-long Lunar New Year holidays -- which fell in February this year -- when factories and businesses close and many people travel back to their hometowns for family gatherings.