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China February PMI falls to 4-year low, employment hit

Central bank cuts requirement ratio rates by 50 basis points to support slowing economy
Wednesday, March 2, 2016 - 05:50

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China's Purchasing Managers' Index (PMI) fell to its lowest point in four years in February, adding further pressure on the government to loosen monetary policies and support growth.

Beijing

CHINA's Purchasing Managers' Index (PMI) fell to its lowest point in four years in February, adding further pressure on the government to loosen monetary policies and support growth.

The official PMI dropped to 49.0 last month, its seventh monthly decline.

Meanwhile

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