This picture on February 21, 2013 shows high rise buildings in Hong Kong. Hong Kong unveiled fresh measures on February 22, 2013 to cool its ever red-hot property market, as the finance minister warned that an asset bubble is forming in the southern Chinese city. AFP PHOTO / Philippe Lopez (Photo credit should read PHILIPPE LOPEZ/AFP/Getty Images)
BEIJING (AP) - A survey shows China's manufacturing activity this month has declined to a four-month low in a reminder of possible threats to its shaky economic recovery.
HSBC Corp. said Monday the preliminary version of its purchasing managers index for February fell to 50.4 on a 100-point scale on which numbers above 50 show activity expanding. That was down from January's 52.3.
Growth in the world's second-largest economy rebounded in the final quarter of 2012 but analysts say a recovery will be gradual and could be vulnerable if trade or investment decline.
HSBC said its survey found export orders decreased while output and overall orders grew at a slower rate.
HSBC economist Hongbin Qu says in a statement that "the Chinese economy is still on track for a gradual recovery."
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