China's factory activity likely contracted for the fifth month in February, PMI falling to 49.1.

China's factory activity likely contracted for the fifth month in February, according to a Reuters poll, with the official PMI falling to 49.1 from 49.2. This suggests continued struggles for the economy, despite signs of improvement in December trade data and January bank loans. The disappointing recovery has raised doubts about China's economic model and may lead policymakers to consider reforms.

February 29, 2024
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