China February Factory Activity Seen Shrinking for Third Month

China February Factory Activity Seen Shrinking for Third Month
Employees work on a production line manufacturing light trucks at a JAC Motors plant in Weifang, Shandong Province, China on Nov. 30, 2018. Reuters
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Factory activity in China is expected to have contracted for the third month in a row in February, a Reuters poll showed, adding to evidence of a further slowdown in the economy in the first quarter.

While record bank lending last month and signs of progress in Sino–U.S. trade talks have lifted some of the gloom hanging over Asia’s economic giant, another weak manufacturing reading would suggest it is far from out of the woods yet.