Wed, 24 Jul 2013 09:52:07 GMT
China's manufacturing contracts
Manufacturing in China shrank by more than expected in July, preliminary survey shows. It casts doubt on whether the government can achieve its growth target. The gauge of 47.7 is expected, the lowest in almost a year, where 50 is dividing line between expansion and contraction. The report came after China's authorities vowed to protect 7.5% growth.