pmi

Two months of expansion suggest that the worst might be over, at least for China, contributing to a strong day on the Hong Kong markets.

Manufacturing activity in China suffers another deep decline in January as factory bosses lay off more workers.

A further slowdown in GDP growth in China and high levels of unemployment will affect the population's propensity to spend, meaning domestic consumption is unlikely to make up for falling exports.

With recent data confirming that a slowdown is underway, investors will need to find new reasons for investing in China other than growth.