Indicators published today showed that the Chinese economy has begun to recover and recover again after factories return to work in the country.
According to what the Beijing Bureau of Statistics announced, the purchasing managers' index (PMI) in the industrial sector jumped from 35.7 to 52 points in the month of March, while half of the companies surveyed by the office started to work again and resumed production.
Analysts consider that this index exceeded the 50-point barrier, which is a positive sign for the economy, while the average of less than 50 points is an indication of decline, which means that the industry in China began to regain its activity again after it retreated due to the spread of the virus during the past months.
Despite the significant decline witnessed by Chinese factories during the past January and February due to the strict measures imposed by China to prevent the spread of corona, those factories and companies started to gradually restore production capacity.
The outbreak of the emerging coronavirus in China has decreased, with a zero increase in the number of local infections in various provinces.