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        China's factory activity shrank to a three-year low in February


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As export orders fell to their lowest level since the global crisis, factory activity in China contracted for the third consecutive month in February, highlighting the deepening cracks in the weak domestic and foreign demand economy.
The frustrating findings may reinforce the view that the world's second largest economy is still losing momentum after economic growth fell to a 30-year low last year.
Even if the government takes stimulus measures to stimulate economic growth, if the current Sino-US trade negotiations fail, China may face a greater risk of slowing down.
According to data released by the National Bureau of Statistics (NBS) on Thursday, the official purchasing managers index (PMI) dropped from 49.5 in January to 49.2 in February. Fifty markers separate growth from contraction, once a month.
Analysts surveyed by Reuters had previously predicted that the index would remain unchanged from 49.5 in January.
In the depths of the global crisis, manufacturing output contracted for the first time since January 2009. The survey results show that the output classification index dropped to 49.5 from 50.9 in the previous month.


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