General World News

A key gauge of China’s economy plummeted to its weakest since 2004 — and the entire world is on notice

China manufacturing PMI

  • China’s manufacturing purchasing managers index fell to 35.7 in February, the lowest since the survey began in 2004, according to data released by the National Bureau of Statistics on Saturday.
  • The dismal number comes amid the coronavirus outbreak, which has slowed economic activity in China and disrupted supply chains.
  • Now, the entire world is on high alert as the virus spreads to other countries.
  • On Monday, the Organization for Economic Cooperation and Development said that the virus has put the world economy in its most “precarious position” since the 2008 financial crisis.
  • on Business Insider.

China’s factories had a rough read more >>>

Source:: BusinessInsider.Com