Business
Asia’s green shoots? Factory output rebounds but outlook dims – Aljazeera.com
High numbers of new coronavirus infections in the US and elsewhere could keep Asian exports depressed, analysts say.
Asian factories continued to shake off the coronavirus gloom in August as more bright signs in China raised hopes of a firmer recovery in global demand, data released on Tuesday showed, reducing pressure on policymakers to take bolder steps to avert a deeper recession.
Manufacturing activity in China expanded at the fastest clip in nearly 10 years in August, as factories ramped up output to meet rebounding demand, a private survey showed. New export orders rose for the first time this year.
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