21-08-2015, 13:39
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#3
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Inactive
Join Date: Oct 2006
Location: Right here!
Posts: 22,315
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Re: Has China contracted swine flu or just a cold?
Quote:
Factory activity in China shrank at its fastest pace in more than six years in August, data suggests.
The private Caixin/Markit manufacturing purchasing managers' index (PMI) dropped to 47.1 from 47.8 in July. A figure below 50 indicates contraction.
The data triggered another sell off in Chinese shares, which ended the day down more than 4%.
The factory data is likely to compound global worries that the Chinese economy is set for a continued slowdown.
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http://www.bbc.co.uk/news/business-34013510
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