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China factory activity shrinks again in Jan

Banks' bad debt ratio climbs to five-year high of 1.64% at the end of last year

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SLOWING DOWN: The HSBC/ Markit Flash Manufacturing PMI hovered at 49.8 in January, slightly up from December's 49.6.

Beijing

CHINA'S manufacturing growth stalled for the second straight month in January and companies had to cut prices at a faster clip to win new business, adding to worries about growing deflationary pressures in the economy, a private survey showed.

The HSBC/Markit Flash

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