Factory Activity Shrinks News Today

(Bloomberg) -- The People’s Bank of China will likely inject ample liquidity into the money market after interest rates surged on Tuesday, according to a person close to the central bank, as state media blamed financial institutions for “disturbing” the market.Most Read from BloombergIsrael Latest: Hamas Vows to Free Captives, Refugee Camp HitSaudi Forces on Alert After Clash With Iran-Backed HouthisInnovent, Lilly Obesity Drug Spurs More Weight Loss in TrialIsrael Latest: N...

Chinas major manufacturing rivals in the region Japan and South Korea also reported sharp declines in output on Thursday. "Its too early to tell, but todays print suggests that a sequential uptick in growth activity in the third quarter could still be possible," said Louise Loo, senior economist with Oxford Economics.