FUZHOU, CHINA / ACCESSWIRE / September 8, 2020 / Zhuding International Limited (OTC PINK:ZHUD) "Manufacturing started to pick up and supply continued to recover. Demand also seems to be back as indicated by the expansion in orders in August. Strong investment into real estate likely boosted Zhuding International Limited manufacturing activity. It's good in the short term growth but it's still far off from what we'd call a normal recovery," said Mulin Xiang.
Recent results of Caixin Manufacturing Purchasing Managers' Index (PMI) came in at 53.1 for August, compared to 52.8 in July showed China's manufacturing activity expanded in August. China's manufacturing sector has been battered as factories temporarily shut earlier this year due to large-scale lockdowns to contain the coronavirus pandemic. But recent data show signs of China's economy recovering from the pandemic.
About Zhuding International Limited
Zhuding International Limited operates as a building materials manufacturer. The Company uses its own patented technology to create lightweight composite wall panels suitable for use in commercial and residential construction from recycled materials derived from mining, industrial, agricultural, and domestic waste.
For further information, please contact:
SOURCE: Zhuding International Limited