China’s manufacturing purchasing managers index has fallen to the lowest level since 2009, signalling continued weakness in the key economic driver
China’s manufacturing purchasing managers index has fallen to the lowest level since 2009, signalling continued weakness in the key economic driver. A number below 50 on the index indicates contraction and having hit 47.8 in July, the flash reading for August shows 47.1. However analysts say things can still be recovered: "The government still has plenty of policy ammunition, and we think they would rather step up policy support rather than allow growth to slip much further," Julian Evans-Pritchard of Capital Economics told CNN.
