The Traderszone Network

Published in TZ Latest News 1 April, 2015 by The TZ Newswire Staff

Weak demand in Asia calls for more stimulus

Three separate surveys of China’s factory and services sectors released on Wednesday showed stubborn weakness in the world’s second-biggest economy, putting the government’s newly minted growth target of around 7 percent for the year at risk. The official Purchasing Managers’ Index ticked up to 50.1 in March from 49.9 in February, but a separate private survey from HSBC which focuses on small and mid-sized firms showed factory activity contracted after two months of recovery.

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