China's Jan factory activity expands at slowest pace in 7 mths: Caixin PMI

China's factory activity expanded at the slowest pace in seven months at the start of 2021, weighed down by falling export orders amid a surging global pandemic and rising costs, a business survey showed on Monday.

The slowdown in the manufacturing sector underscores the fragility of the ongoing economic recovery in China, as Beijing grapples with a resurgence of local Covid-19 cases in northern China and navigates rising tensions with Washington and its allies.

Asian shares slip for 5th straight session, silver gets retail boost

The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) dropped to 51.5 last month, the