China’s Economy Continues Decline
China's economy continues to weaken, according to recent surveys.
China is the world's second-biggest economy. Figures released Tuesday show the country's factory production is at its lowest level in four years.
The official Purchasing Manager's Index, or PMI, tracks activity in factories. The manufacturing PMI in China is reported by Markit Economics.
The index dropped to 49 in China in February. In January, the PMI was 49.4.
Any reading of the PMI below 50 signals contraction. It was the seventh month in a row the PMI dropped.
Observers of the Chinese economy say February's PMI reading could have been affected by the New Year holiday. Many factories close for an extended time and workers stay home during the holiday.
Another survey showed China's economy is slumping. The Caixin/Markit purchasing managers' index fell to a five-month low of 48 last month. It was the 12th month in a row that the index declined. The index calculates economic output, new orders and employment.
The economy in China grew at an annual rate of nearly 7 percent in 2015. That was the slowest amount of growth in 25 years.
To give the economy a boost, the Chinese announced a round of spending to help the economy and added to the money supply. The People's Bank of China late Monday announced it was cutting the amount of money that banks must hold as reserves.
The People's Bank also added $100 billion in cash into the banking system to aid in new lending.
I'm Jim Dresbach.
A PMI level above 50, indicates growth in manufacturing from the previous month, while a reading below 50 indicates activity is falling.
2.dropped to 降至；跌至
Her voice dropped to a lower pitch.
3.in a row 连续地
Ten footballer stood in a row on the sport ground.
4.economic output 经济总量
Its economy has now taken off and its total economic output has surpassed Dalian.
1.The Caixin/Markit purchasing managers' index fell to a five-month low of 48 last month.
fell to 跌落；跌倒
The dishes fell to the floor.
The temperature fell to 26°below zero.
2.To give the economy a boost, the Chinese announced a round of spending to help the economy and added to the money supply.
a round of 一轮的；一连串的
His life is a round of what some people would call painful labour.
Her future life was not to be a round of pleasure.
采购经理指数（PMI指数）是指对企业的经营状况进行追踪调查。而中国制造业PMI指数是与Markit 经济公司联合发布的 。