china’s-economy-hit-by-double-whammy-in-march

China’s economy hit by double whammy in March

The official manufacturing Purchasing Managers’ Index (PMI) fell to 49.5 from 50.2 in February, the National Bureau of Statistics (NBS) said on Thursday, while the non-manufacturing PMI eased to 48.4 from 51.6 in February. The last time both PMI indexes simultaneously were below the 50-point mark that separates contraction from growth was in February 2020,…

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