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China’s factory activity shrank for third straight month, production gauge hit 10 year low

China's manufacturing activity shrank for the third straight month in February, with its official manufacturing gauge falling to a three-year low, highlighting persistently weak demand at home and abroad.

The official Purchasing Manager's Index (PMI) fell to 49.2 in February, data showed on Thursday, the weakest level since February 2016. That's compared to 49.5 in the previous month and 49.4 expected by analysts.

The 50-point index mark separates expansion from contraction on a monthly basis.

Notably, the reading . . .

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