China factory output shrinks for fifth straight month
Beijing (AFP) March 1, 2024
Factory activity in China contracted for the fifth straight month in February, official figures showed Friday, as sluggish demand in the world's second-largest economy continues to drag on growth.
The purchasing managers' index (PMI) - a key measure of factory output - came in at 49.1 percent in February, according to China's National Bureau of Statistics (NBS).
A PMI figure above 50 p