* China factory activity remains in contraction territory
Japan, Vietnam PMI slumps as China slowdown hits
* South Korean exports contract at steepest pace in nearly 3 yrs
* Weak readings add pressure on central banks, China, for stimulus
By Leika Kihara
TOKYO, March 1 (Reuters) – Weak demand in China and growing global fallout from the Sino-U.S. trade war took a heavier toll on factories across much of Asia in February, business surveys showed on Friday.
Activity in China’s vast manufacturing sector contracted for the third straight month, pointing to more strains on its major trading partners and raising questions over whether Beijing needs to do more to stabilise the slowing economy.
In many cases, business conditions were the worst Asian companies have faced since 2016, with demand weakening not only in China but globally. Continue reading “GLOBAL ECONOMY-Growing China downdraft chills Asia factory activity”