China January Factory Growth Stalls, Deflation Pressures Build

(Reuters) – China’s manufacturing growth stalled for the second straight month in January and companies had to cut prices at a faster clip to win new business, adding to worries about growing deflationary pressures in the economy, a private survey showed. The HSBC/Markit Flash Manufacturing Purchasing Managers’ Index (PMI) hovered at 49.8 in January, little changed…