China's manufacturing dropped to a nine-month low in August

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Source: BBC
The manufacturing activity in the world's second largest economy tumbled to a nine-month in August.  An index measuring factory output fell to 47.8 from 49.3 in July. Any reading under 50 indicates a contracting manufacturing sector in the country. The deterioration of data may show that firms' confidence wasn't boosted enough by the government's efforts to spur Chinese economy.
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Thu, 23 Aug 2012 18:57:55 GMT

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