Manufacturing woes will strengthen calls for monetary and fiscal stimulus
2015-02-01
China’s official PMI, the bellwether of large industrial firms, declined to 49.8 in January, the first time since September 2012 that it dropped to below the benchmark level of 50, according to data released by China’s National Bureau of Statistics. The output sub-index fell by 0.5 percentage points to 51.7, indicating that industrial production remained […]
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