Chinese economy takes a record hit

Original article by Will Glasgow, Geoff Chambers
The Australian – Page: 1 & 6 : 2-Mar-20

The impact of the coronavirus on China’s manufacturing sector has been highlighted by the nation’s latest purchasing managers index data. The index fell from 50 to just 35.7 in January, and it is now below the levels recorded at the height of the global financial crisis. The virus outbreak resulted in the temporary closure of factories across China, and while some have resumed production, many remained closed. China’s economic growth slowed to 6.1 per cent in 2019.

CORPORATES

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