Some investors had been prepared for a negative figure after the central bank unexpectedly eased its policy on Monday night.
The activity in the manufacturing sector China fell in February more strongly than expected, showed polls on Tuesday, prompting smaller companies to lay off workers at its fastest pace in seven years signatures and suggests that the government will have to step up its stimulus.
Some investors had been prepared for a negative figure after the central bank unexpectedly eased its policy on Monday night, injecting an estimated 100,000 million dollars in cash to the banking system to mitigate the effects of reforms as the restructuring of large state enterprises.
the Purchasing Managers Index (PMI) official manufacturing sector fell to 49.0 points in February from 49.4 in January, below the threshold of 50 points separating the expansion of contraction. Economists polled by Reuters had expected only a slight decline to 49.3.
The figure is the weakest since November 2011, which was also 49.0.
“The PMI was much weaker than expected, suggesting that the recent easing measures have had limited impact on the transformation of weak manufacturing sector, “wrote Zhou Hao, senior economist for emerging markets at Commerzbank in Singapore.
the PMI for the manufacturing sector of China by Caixin / Markit, that smaller and medium private enterprises focuses, fell to 48.0 points in February, below market expectations for a reading of 48.3 and the January figure of 48.4.
Both studies showed that conditions in the labor market in China continue to deteriorate, posing a challenge to the authorities who are developing the next five-year development plan Beijing before the annual meeting of Parliament beginning on March 5th.
the report Caixin showed that companies cut jobs at the fastest pace since January 2009, when China and other economies trade dependent wobbled by the effects of the financial crisis.
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