The mood in Chinese companies has suffered badly due to the Corona crisis, but experts are now seeing light at the end of the tunnel.
Beijing (dpa) - The mood in China's industry has brightened again after a record slump due to the corona virus.
As the Beijing Statistics Office announced, the official purchasing manager index (PMI) of the manufacturing sector jumped from 35.7 to 52 points in March.
Against the background of the coronavirus outbreak, sentiment in China's industry fell to a record low in January and February. Values above the critical limit of 50 points indicate a positive mood in the economy, while a downturn is expected below.
The stringent measures against the spread of Covid-19 lung disease had practically brought the Chinese economy to a standstill. However, factories and companies are slowly starting to work again. For weeks now, hardly any new domestic infections with the corona virus have been reported, but mainly "imported cases".
According to the statistics office, more than half of the companies surveyed had started working again and started production. However, this does not mean that China's economy has returned to normal.
