Economics
China Manufacturing May Shrink a Fourth Month, Survey Sho
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China’s manufacturing may shrink for a fourth month in February, indicating the world’s second-biggest economy remains vulnerable to a deeper slowdown as Europe’s crisis caps exports and the housing market cools.
The preliminary 49.7 reading of an index from HSBC Holdings Plc and Markit Economics today compared with a final 48.8 in January. A number below 50 points to a contraction. January and February economic data are distorted by a weeklong holiday.