Chinese manufacturing slows down further

Note: This section contains information in English only.
Source: Marketwatch

In December China Purchasing Managers' Index dropped to 48.7, compared to preliminary reading of 49.0, said HSBC who issued the survey. Level below 50 is indicating contraction. The survey showed the weakest reading on a quarterly basis since 2009. Although speed of slowdown is alleviating, weakening exports demand is harming the growth, said Hongbin Qu, HSBC economist. 

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