China's construction activities were stalled in February as the government ...
BEIJING/TOKYO - China’s construction activities were stalled in February as the government extended Lunar New Year holidays and advised people to stay indoors as a precaution against a coronavirus outbreak.
Data from Japan’s Komatsu , one of the world’s biggest makers of earth-moving equipment, showed use of its machinery in China fell nearly 30% to 32 hours last month, from a year ago.Millions of construction workers in China returned to their hometowns for traditional week-long Lunar New Year celebrations, which kicked off in late January.
The Caixin/Markit Manufacturing Purchasing Managers’ Index showed the sharpest contraction in factory activity on record in February, down sharply to 40.3 from 51.1 in January.
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