Mainland manufacturing slows further
02-01-2009
Manufacturing activity on the mainland has shrunk for a fifth consecutive month, according to CLSA's Purchasing Managers' Index. It stood at 41.2 last month - up from a record low of 40.9 in November. A reading below 50 reflects a contraction. CLSA said the manufacturing sector, which accounts for 43 percent of the mainland economy, was close to recession.
