China’s economy recovery continued in January but at a slower pace, as the resurgence of coronavirus in parts of the country took a toll on business sentiment, led by a sharp drop in service sector morale The official manufacturing purchasing managers’ index (PMI) – a survey of sentiment among factory owners in the world’s second-largest economy – fell to 51.3 last month from 51.9 in December, according to the National Bureau of Statistics (NBS). December’s reading was below the median prediction of a poll of analysts conducted by Bloomberg, which expected a small drop to 51.5. China’s non-manufacturing PMI – a gauge ... (full story)