Chinese manufacturing declines as analysts call for more economic reforms

Source: Marketwatch
© Scanpix/Reuters
Chinese manufacturing industry posted a more significant decline in February of the current year, as some economists say that structural reforms are necessary to reverse the negative trend. The benchmark PMI index from the HSBC bank dropped to 48.3 points this month from 49.5 a month ago. The reading below 50 points indicates decrease in activity in this sector of country's economy.

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