BEIJING (Reuters) – Factory activity in China contracted to a three-year low in February as export orders fell at the fastest pace since the global financial crisis, highlighting deepening cracks in an economy facing weak demand at home and abroad.
A man works at a workshop of a machinery manufacturing company in Nanjing, Jiangsu province, China December 7, 2018. Picture taken December 7, 2018. REUTERS/Stringer
The gloomy findings are likely to reinforce views that the world’s