China's factory activity expands at a slower pace in February: PMI

BEIJING (Reuters) - China's factory activity expanded in February at a slower pace than a month earlier, hitting the lowest level since last May and missing market expectations after brief COVID-19-related disruptions earlier in the year. The official manufacturing Purchasing Manager's Index (PMI) fell to 50.6 from 51.

3 in January, data from the National Bureau of Statistics (NBS) showed on Sunday, remaining above the 50-point mark that separates growth from contraction. Analysts had expected it to decline to 51.1. Chinese.....

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