Manufacturing in China Plummeted in February

I can’t read this any better than you can, but unfortunately I don’t need to:

This is the manufacturing PMI release for China, and just like the US version a score of 50 is neutral. Anything below 50 means that manufacturing is contracting, and in February manufacturing in China contracted at its fastest rate in recent history. On the (semi) bright side, US manufacturing is showing softness but hasn’t quite started contracting yet:

Meanwhile, the OECD predicts a significant reduction in global economic growth thanks to the coronavirus. Instead of growing at 2.9 percent, they now figure growth will be 2.4 percent at best.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily bluster—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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