{"id":107011,"date":"2021-01-04T04:24:31","date_gmt":"2021-01-04T04:24:31","guid":{"rendered":"https:\/\/precoinnews.com\/?p=107011"},"modified":"2021-01-04T04:24:31","modified_gmt":"2021-01-04T04:24:31","slug":"asian-factories-shake-off-covid-19-hit-tighter-controls-cloud-outlook","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/asian-factories-shake-off-covid-19-hit-tighter-controls-cloud-outlook\/","title":{"rendered":"Asian factories shake off COVID-19 hit, tighter controls cloud outlook"},"content":{"rendered":"

TOKYO (Reuters) – Asian factory activity expanded moderately in December thanks to robust demand in regional giant China, business surveys showed on Monday, the latest sign that manufacturers are emerging from the initial damage of the COVID-19 pandemic.<\/p>

FILE PHOTO: Employees wearing face masks work at a factory of the component maker SMC during a government-organized tour of its facility following the outbreak of the coronavirus disease (COVID-19), in Beijing, China May 13, 2020. REUTERS\/Thomas Peter<\/figcaption>

But Chinese factory growth slowed and tougher coronavirus control measures put in place or being considered across the world clouded the outlook, keeping Asian policymakers under pressure to maintain or ramp up massive stimulus programmes.<\/p>\n

China\u2019s Caixin\/Markit Manufacturing Purchasing Managers\u2019 Index (PMI) fell in December to 53.0 – its lowest level in three months – but stayed well above the 50-level that separates growth from contraction.<\/p>\n

The reading, which was lower than November\u2019s 54.9, fell roughly in line with the official gauge of factory activity that showed activity moderating at a high level.<\/p>\n

Robust demand in China helped manufacturing activity rise in neighbouring economies like Japan, South Korea and Taiwan, according to the PMI surveys, in a glimmer of hope for Asia\u2019s recovery prospects.<\/p>\n

The final au Jibun Bank Japan PMI rose to a seasonally adjusted 50.0 in December from the previous month\u2019s 49.0, ending a record 19-month run of declines as output stabilised for the first time in two years.<\/p>\n

\u201cJapanese manufacturers signalled a broad stabilisation in operating conditions at the end of a tumultuous year,\u201d said Usamah Bhatti, economist at IHS Markit.<\/p>\n

China\u2019s industrial sector has staged an impressive recovery from the coronavirus shock thanks to surprisingly strong exports, helping brighten prospects for Asia\u2019s recovery.<\/p>\n

But a resurgence of infections is forcing some western countries to reimpose strict controls on economic activity, clouding the outlook for exports including those from China.<\/p>\n

Japan may join other countries in applying tighter restrictions with Prime Minister Yoshihide Suga signalling on Monday the chance of declaring a state of emergency for Tokyo and three surrounding prefectures.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

TOKYO (Reuters) – Asian factory activity expanded<\/p>\n","protected":false},"author":3,"featured_media":107010,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"\nAsian factories shake off COVID-19 hit, tighter controls cloud outlook - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/asian-factories-shake-off-covid-19-hit-tighter-controls-cloud-outlook\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asian factories shake off COVID-19 hit, tighter controls cloud outlook - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"TOKYO (Reuters) – Asian factory activity expanded\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/business\/asian-factories-shake-off-covid-19-hit-tighter-controls-cloud-outlook\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-04T04:24:31+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/01\/cnewsfotor3-1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/business\/asian-factories-shake-off-covid-19-hit-tighter-controls-cloud-outlook\/\",\"url\":\"https:\/\/precoinnews.com\/business\/asian-factories-shake-off-covid-19-hit-tighter-controls-cloud-outlook\/\",\"name\":\"Asian factories shake off COVID-19 hit, tighter controls cloud outlook - 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