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China manufacturing improves in February: HSBC

A worker assembles automobiles at a factory in Shenyang, north-east China's Liaoning province, on January 9, 2015China’s manufacturing activity in February improved more than initially thought, HSBC said on Monday, but weakening foreign demand and declining prices signalled the world’s second-largest economy still faces multiple woes. The index, compiled by information services provider Markit, tracks activity in China’s factories and workshops and is a closely watched indicator of the health of the Asian economic giant. The National Bureau of Statistics on Sunday said China’s official PMI showed contraction for the second straight month in February, coming in at 49.9. Analysts have said HSBC’s survey is more weighted towards small exporters while the official one looks to larger companies.

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