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China

China’s services activity hit as virus wipes sales

BEIJING: China’s services sector had its worst month on record in February as new orders plummeted to their lowest level since the global financial crisis, a business survey showed, with economists urging swift support to avoid mass bankruptcies.

Business

Virus drives China PMIs to record lows, hurting Asia

Singapore: Asia’s factories took a tumble in February under the weight of the rapidly spreading coronavirus outbreak, with a severe plunge in activity in China driving down output across the region.

Business

India factory activity growth slows in February

BENGALURU: India’s factory activity growth slowed in February from the previous month’s eight-year high due to a modest weakening in demand and output, although overall conditions remained firm, a private survey showed yesterday.

Business

China’s commodity imports hold up better than the PMIs

LAUNCESTON (Australia): There’s no way to sugar-coat the worst-ever reading of China’s manufacturing indexes, which were pummelled as the economy was largely shut down in February as Beijing battled to contain the coronavirus epidemic.