China's manufacturing activity falls to its lowest level in February

China's manufacturing activity fell to its lowest level on record in February as official data, today, confirmed the massive damage the deadly coronavirus epidemic has caused to the world's second-largest economy. The Purchasing Managers' Index, a key gauge of activity in China's factories, was at 35.7 points, in February, well below the 50-point mark that separates growth and contraction every month. This was the worst level since China began recording the fi...