The Traderszone Network

Published in TZ Latest News 31 August, 2014 by The TZ Newswire Staff

Retreat in China’s PMIs heightens calls for policy easing

Growth in China’s vast factory sector cooled in August as foreign and domestic demand slowed, two surveys showed on Monday, spurring new calls for more policy easing to prevent the economy from stumbling once more. A purchasing managers’ index (PMI) published by the National Bureau of Statistics fell from a 27-month high to 51.1 in August, slightly less than forecast as factories shed jobs for at least the 24th consecutive month.

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