China factories stall for second straight month
January 22, 2015 at 20:49 PM EST
China's manufacturing activity picked up pace in January, but remained in contraction, a private survey showed on Friday. The flash HSBC Purchasing Managers' Index came in at 49.8, after registering a 49.6 final reading in December, its first contraction in seven months. "We're not out of the woods yet, still continuing to see contraction in China," said Frederic...