China’s Factory Activity Posts Record Contraction as Coronavirus Bites
China’s official Purchasing Managers’ Index (PMI) fell to a record low of 35.7 in February from 50.0 in January, the National Bureau of Statistics said on Saturday, well below the 50-point mark that separates monthly growth from contraction. Analysts polled by Reuters expected the February PMI to come in at 46.0. The sombre readings provide the …
News story posted on 2020-02-29T02:43:00.0000000Z
