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China Posts Weakest Factory Activity on Record

  • Non-manufacturing gauge, employment indicators hit new lows
  • About 91% of factories will have restarted by end of March
Bloomberg business news

Feb. 26: Roubini Says Hopes of a V-Shaped Virus Recovery Are Delusional

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Activity in China’s manufacturing sector contracted sharply in February, with the official gauge hitting the lowest level on record, highlighting the devastating impact of the coronavirus on the economy and raising the risk of a worsening global stock rout.