Wednesday, December 31, 2014

China's Manufacturing Slows Signalling Economic Slowdown Worsening

A survey of Chinese manufacturers has found their activity contracted in December in a new sign the world's second-largest economy is slowing despite government efforts to shore up growth.

HSBC Corp. said Wednesday that its monthly purchasing managers' index fell to 49.6 on a 100-point scale on which numbers below 50 show activity contracting. It was down from November's break-even 50 reading and the first contraction since May.

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