China January factory activity shrinks for 11th month - Caixin PMI

Activity in China's vast factory sector shrank for an 11th consecutive month in January, but at a slower pace than in December, a private survey showed on Monday, suggesting the economy was still deteriorating at the beginning of 2016. The Caixin/Markit China Manufacturing Purchasing Managers' Index (PMI) inched up to 48.4 in January, beating market expectations of 48.0 and a slight pick-up from a reading of 48.2 a month earlier.