A Surprisingly Subdued Start to 2014 for China's Manufacturers

Photograph by Brent Lewin/Bloomberg

China’s manufacturers have started 2014 in low gear. HSBC and Markit Economics announced today that their preliminary Purchasing Managers Index, a monthly manufacturing report for China that surveys private manufacturers, will be 49.6 for the month. A reading above 50 indicates an expansion. In December, the reading was 50.5, but that was down from 50.8 the previous month.

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