China's factory activity posts record contraction as coronavirus bites
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China's factory activity posts record contraction as coronavirus bites
[BEIJING] Factory activity in China contracted at the fastest pace on record in February, highlighting the damage from the coronavirus outbreak on the world's second-largest economy.
China's official Purchasing Managers' Index (PMI) fell to a record low of 35.7 in February from 50.0 in January, the National Bureau of Statistics said on Saturday, well below the 50-point mark that separates monthly growth from contraction.
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