China's factory activity shrinks as slowdown worries rise

Chinese factory activity contracted for a second straight month in January, the official Purchasing Managers Index (PMI) showed. The index ticked up to 49.5, but remained below the 50-point level that separates growth from contraction. China reported its weakest economic expansion in 28 years in 2018, and growth is expected to slow further.

[Unimmo]

“shrinks”