China's factory activity has reportedly declined for a fifth straight month in March, according to a new report released recently.
The HSBC Purchasing Managers' Index (PMI) fell to 48.1 for March from 48.5 in February, below the benchmark of 50, indicating further contraction.
According to the BBC, China's official PMI survey, weighted more towards bigger and state-owned enterprises, will be released later this month.
Meanwhile, China's exports reported a drop of 18 percent compared to last year's exports in February, leading to a trade deficit of 23 billion dollars (14bn pounds) for the month.
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app