According to an Epoch Times survey report, on December 1, business sentiment decreased the manufacturing Purchasing Managers’ Index (PMI) in most of Asia in November. It is said to be the result of the “zero-COVID” policy caused by the CCP, which has led to a decline in global demand.

The report presents a gloomy picture of Asia’s economies in 2023 due to disrupted international supply chains. According to the companies interviewed, the pandemic is the primary cause of the contraction in production. Prevention and control measures that prevent workers from returning to work severely limit production.

On December 1, Caixin China’s Manufacturing PMI for November was 49.4, slightly higher than October’s 49.2 but still lower than the boom and bust line of 50, continuing the contraction trend since August, showing that the production is still weak.

The Business News also indicated a reduction in manufacturing activity in developing nations like Vietnam and export-dependent economies like Japan and South Korea.

Reuters reported the Japanese PMI index also fell from 50.7 in October to 49 in November. It’s the first time since November 2020 it has fallen below 50. South Korea’s factory activity shrank for a fifth month in November to a PMI index of 49. At the same time, In November, South Korea’s exports fell by the most in 2-1/2 years.

The impact of China’s woes was felt widely across Asia, with Vietnam’s PMI dropping from 50.6 in October to 47.4 in November and Indonesia’s from 51.8 to 50.3.

Lockdowns in China have halted production at one of the world’s largest iPhone factories. Additionally, they have sparked unusual street protests in numerous places.

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