China’s factory growth eased to an expected six-month low in January, hurt by weaker local and foreign demand, a survey showed, a soft start for the year that heightens worries of an economic slowdown.
The official Purchasing Managers’ Index (PMI) edged down to 50.5 in January from December’s 51, the National Bureau of Statistics said on Saturday, in line with market expectations.
The change reinforces concerns that China’s economy is stuttering and could drag on financial markets on Monday as global investors, already nervous about capital flight in emerging markets, find another reason to sell riskier assets.
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