Asia’s factories hit by global slowdown, China’s COVID curbs | Business and Economy | Al Jazeera
⚠️“Asia is extremely reliant on China. Its zero-COVID policy continues to disrupt supply chains and keep Chinese travelers from returning to Asian tourist destinations. It’s also hurting the region’s exports,”
⚠️“Another big risk is the pace of US rate increases. If the Federal Reserve continues to hike rates steadily, that could ignite capital outflows from Asia and hurt exports.”
⚠️Factory activity in Indonesia expanded at a slower pace in October, with the PMI standing at 51.8, down from 53.7 in September.
