China manufacturing activity shrinks at fastest in 4 years
Manufacturing activity in China shrank
Beijing - AFP
Manufacturing activity in China shrank at its fastest rate in four years in February, government data showed on Tuesday, a fresh sign of sustained weakness in the world’s second-largest economy.
The official Purchasing Managers’ Index (PMI), which tracks activity in factories and workshops, fell to 49.0, the weakest since a similar reading in November 2011, figures from the National Bureau of Statistics (NBS) showed.
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