China's March manufacturing activity drops again to 11-month low
China's manufacturing activity
Beijing - XINHUA
China's manufacturing activity in March fell again to 11-month low at 49.2, according to HSBC's preliminary purchasing managers' index (PMI) released on Tuesday.
The HSBC flash manufacturing PMI for March dropped below the 50-point level that separates growth in activity from a contraction on a monthly basis, compared with a reading of 50.7 in February, HSBC said in the report.
A reading above 50 indicates expansion, while a reading below that represents contraction.
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