China manufacturing shrinks for the first time in two years, survey shows

China’s official measure of activity in factory and workshops shows it contracted in January, signalling continued slowing of the economy

China grows at slowest rate for 24 years

China’s manufacturing activity contracted for the first time in more than two years in January, an official survey showed on Sunday, signalling further downward pressure on the world’s second-largest economy.

The official purchasing managers’ index (PMI) released by the national bureau of statistics came in at 49.8 last month, down from the 50.1 recorded in December.

Related: Hard times return as China bids to bring its economic miracle to an end

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via Business Feeds

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