While you were sleeping Chinese data raise concern

Mon, 04 Mar 2013

By Margreet Dietz March 5 (BusinessDesk) - Wall Street fell as the latest data on China's services industries raised concern about the strength of the world's second-largest economy, just as US$85 billion of US federal spending cuts are kicking in. China's non-manufacturing Purchasing Managers’ Index slid to 54.5 in February from 56.2 in January, according to the National Bureau of Statistics and China Federation of Logistics and Purchasing. That was the weakest reading since September. In addition, plans by the Chinese government to further...

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