China's factory activity posts record contraction as coronavirus bites

Factory activity in China contracted at the fastest pace on record in February, highlighting the damage from the coronavirus outbreak on the world's second-largest economy. 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.....

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