China's factory activity contracts in January for the first time in four months
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Euronews.com
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Manufacturing in China slowed in January for the first time in four months due to workers leaving for Lunar New Year holidays. The purchasing managers' index (PMI) fell to 49.1, indicating contraction. The non-manufacturing PMI also decreased. Despite a 5% annual growth in 2024, the disappointing PMI data highlights challenges for policymakers in sustaining growth, especially with uncertainties regarding exports and potential US tariffs. Teljes cikk (Euronews.com)