BEIJING: China’s manufacturing activity in February improved more than initially thought, HSBC said Monday, but weakening foreign demand and declining prices signaled the world’s second-largest economy still faces multiple woes.

The British bank’s final purchasing managers’ index (PMI) for the month came in at 50.7, up from its preliminary reading of 50.1 and the highest since July’s 51.7, the firm said in a statement.

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