BEIJING (AP) — China’s manufacturing grew at its weakest rate in five months in February as demand faltered and factories shut down for the Lunar New Year holiday, two surveys showed Friday.
An industry group, the China Federation of Logistics and Purchasing, said its purchasing managers index declined to 50.1, down 0.3 points from January, on a 100-point scale on which numbers above 50 show an expansion in activity. A separate index by HSBC Corp. fell to 50.4 from January’s 52.3.
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