Economics
China Factory Gauge Suspended, This Time ‘Indefinitely’
- Academy suspended publication in December, resumed in January
- Two indicators of Chinese economy have been discontinued
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Publishers of the China Minxin Manufacturing PMI Index suspended the gauge for a second time, scrapping an early monthly reading on the world’s second-largest economy.
Release of the unofficial purchasing managers index jointly compiled by China Minsheng Banking Corp. and the China Academy of New Supply-side Economics will be suspended “indefinitely,” the academy said Thursday in a statement on its website, without giving a reason. The indicators, which track manufacturing and services, were more volatile than the official PMI from the National Bureau of Statistics.