SHANGHAI (AP) -- China's manufacturing boom slowed further in February as authorities tightened controls on credit to cool inflation and factories eased output, especially of food and textiles.
The state-affiliated China Federation of Logistics and Purchasing said Tuesday that its purchasing managers index, or PMI, dipped to 52.2 last month, from 52.9 in January and 53.9 in December.
Despite declining for three months, the reading has remained above 50, the benchmark for expansion, for two straight years.