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It is still too early to say the Chinese economy has touched bottom, but the government is also in no urgent need to launch any new fiscal stimulus policies, a leading government economist tells i>Reuters/i>.
Euro zone manufacturers had their worst month in at least 12 years in February as a recession showed no signs of easing and they slashed jobs, a private sector business survey showed yesterday.
CHINA's economy is showing signs that a four trillion yuan (US$585bil) stimulus package is taking effect.
Manufacturing data from China yesterday suggested its downturn may be bottoming out, but plunging US auto sales underscored the depth of the recession in the world's biggest economy.
British manufacturers reported some of the weakest conditions ever in January when they cut jobs at a record pace, monthly purchasing managers index data showed on Monday.