China’s factory activity is expected to have extended declines in December, a Reuters poll showed, as the end of the country’s “zero-COVID” policy and rising infections began to affect production lines.
As a result, businesses now have to contend with rising COVID infections in the workforce, leading some analysts to anticipate labour shortages and increased supply chain disruptions.
This means manufacturers now face a challenging winter, despite the government’s renewed focus on pursuing economic growth. “Starting this summer, orders reduced by 30 percent. Autumn and winter should be a pickup season for us, but orders are still reducing – compared to last year, we have 50 percent fewer orders,” he added.
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