China's manufacturing growth hit a four-month low in February but remained positive, British banking giant HSBC said Monday, noting that the world's second-biggest economy was still recovering slowly.
A woman is pictured working in a textile factory in Jiujiang, China's Jiangxi province, on January 16, 2013. China's manufacturing growth hit a four-month low in February but remained positive, HSBC said Monday, noting that the country's economy was still recovering slowly.
The bank's preliminary purchasing managers' index (PMI) stood at 50.4 for the month, down from a final 52.3 in January, it said in a statement. The figure was seasonally adjusted to take account of the Lunar New Year holiday that fell in the middle of the month.
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