China's manufacturing sector slumps in February

Published Mon, Mar 2, 2020 · 09:50 PM

    Beijing

    CHINA'S manufacturing sector slumped to a record low in February as factories were hit hard by the Covid-19 outbreak, which bought supply chains across the country to a halt.

    The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) showed China's factory activity contracted last month, coming in at a record low of 40.3.