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China’s manufacturing activities shrank in Jan for the second straight month

China’s manufacturing activities shrank for the second straight month in January, pointing to cooling demand in the world’s second largest economy and heightened risks to global growth.

The official Purchasing Managers’ Index (PMI) edged up to 49.5 in January from 49.4 in December, according to data from the National Bureau of Statistics (NBS) on Thursday.

While analysts had expected a small dip, the change was marginal and the reading remained near three-year lows. The 50-mark separates growth from contraction on a monthly basis.

Despite increased policy support, the gloomy findings suggest the Chinese economy . . .

 

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