Chinese manufacturing began to improve in May after the country lifted coronavirus lockdowns that shut down some of the country's industrial areas.
China immigration inspection officers in protective overalls march near a container ship at a port in Qingdao in eastern China's Shandong province Sunday, Nov. 7, 2021. China's exports remained strong in October, a positive sign for an economy tryingwere also forced to shut down this spring due to the coronavirus, which disrupted the cities' manufacturing and trade.
Tuesday's data shows that "activity has started to rebound as containment measures were rolled back," Capital Economics' Sheana Yue said in a report, adding that the recovery "is likely to remain tepid amid weak external demand and labor market strains." Chinese President Xi Jinping is zeroing in on the ties that China’s state banks and other financial stalwarts have developed with big private-sector players, expanding his push to curb capitalist forces in the economy.