Source: China – South China Morning PostChina’s factory activity slumped at the fastest pace in two years in March, as the domestic coronavirus resurgence and the economic fallout from the Ukraine war triggered sharp falls in production and demand, a business survey showed on Friday. The Caixin/Markit manufacturing purchasing managers’ index (PMI) fell to 48.1 in March, indicating the steepest rate of contraction since February 2020, from 50.4 in the previous month. The 50-point index mark separates growth from contraction on a…Read More