The monthly purchasing managers’ index (PMI) is among the few indicators available to check the health of the Chinese economy at the beginning of each year. Photo: Bloomberg
China economy ‘losing momentum’ as first major data of 2019 paints gloomy picture
- Chinese manufacturing contracted in January, for the second month in a row, purchasing managers’ index (PMI) data showed
- The downward pressure on the Chinese economy is still significant, according to Li Chao, an analyst with Huatai Securities
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China economy
The monthly purchasing managers’ index (PMI) is among the few indicators available to check the health of the Chinese economy at the beginning of each year. Photo: Bloomberg