China factory activity falls sharply Factory activity in the world's second largest eco**my, China, shrank at its fastest pace in more than six years in August.The private Caixin/Markit manufacturing purchasing managers' index (PMI) dropped to 47.1 from 47.8 in July.A figure below 50 shows contraction in the sector and one above means growth.As domestic and export demand dwindle, Friday's data will likely add to global worries that the Chinese eco**my is set for a continued slowdown.
08-21-2015, 01:59 PM
China factory activity falls sharply
Factory activity in the world's second largest eco**my, China, shrank at its fastest pace in more than six years in August.The private Caixin/Markit manufacturing purchasing managers' index (PMI) dropped to 47.1 from 47.8 in July.A figure below 50 shows contraction in the sector and one above means growth.As domestic and export demand dwindle, Friday's data will likely add to global worries that the Chinese eco**my is set for a continued slowdown.
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