China's Factory Activity Declines for Second Consecutive Month

China's manufacturing sector experienced a contraction for the second month in a row, influenced by the extended Lunar New Year holiday, which led to a slowdown in both manufacturing and construction activities. Bloomberg posted on X, highlighting the impact of the holiday on the country's industrial output. The prolonged break, which is the longest in history, has contributed to a decrease in factory operations, affecting overall economic performance. The decline in activity underscores the challenges faced by the manufacturing sector amid seasonal disruptions.