Chinese Manufacturing Hits 6-Month Low

Chinese manufacturing grew at slowest pace in at least half a year in February. The official Chinese PMI fell to a six-month low of 52.2 in February from 52.9 in January, the China Federation of Logistics and Purchasing said on Tuesday.

“Inflation pressures are rising but economic activity is slowing. Slower economic growth is good for cooling inflation,” said Wang Hu, economist at Guotai Junan Securities in Shanghai. – Reuters

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