BEIJING (AP) — China’s manufacturing activities expanded at
the slowest pace since June, amid government efforts to rein in credit
and investment growth, according to the industry group China Federation
of Logistics & Purchasing.
The federation on Saturday released
the purchasing managers index for February, which slid to 50.2, down
from 50.5 in the previous month.
The measure is a 100-point scale on which numbers above 50 indicate increasing activity.
China’s
economic activity has slowed steadily as the government tries to reduce
reliance on investment in industry and infrastructure and encourage
more sustainable growth based on domestic consumption.
Analyst
Zhang Liqun said the February data could have been distorted by the
Lunar New Year holiday, when factories shut down for two weeks when
workers went home in late January and early February.
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.
BEIJING (AP) — China’s manufacturing activities expanded at
the slowest pace since June, amid government efforts to rein in credit
and investment growth, according to the industry group China Federation
of Logistics & Purchasing.
The federation on Saturday released
the purchasing managers index for February, which slid to 50.2, down
from 50.5 in the previous month.
The measure is a 100-point scale on which numbers above 50 indicate increasing activity.
China’s
economic activity has slowed steadily as the government tries to reduce
reliance on investment in industry and infrastructure and encourage
more sustainable growth based on domestic consumption.
Analyst
Zhang Liqun said the February data could have been distorted by the
Lunar New Year holiday, when factories shut down for two weeks when
workers went home in late January and early February.
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.