The Traderszone Network

Published in TZ Latest News 23 March, 2015 by The TZ Newswire Staff

China March flash HSBC PMI contracts to 11-month low, fans policy easing expectations

Activity in China’s factory sector dipped to a 11-month low in March as new orders shrank, a private survey showed, signaling persistent weakness in the world’s second-largest economy that will likely fuel calls for more policy easing to support growth. The poor reading added to signs that the economy has lost momentum despite two interest rate cuts since November, a reduction in the amount of money banks must keep in reserve and repeated attempts by the central bank to reduce financing costs.