China’s Manufacturing Growth Weakens

in International Business

China’s Manufacturing Growth Weakens

China’s manufacturing activity grew at its slowest pace in seven months in June, adding to fears about a slowdown in its economy.

China’s official purchasing managers index (PMI) fell to 50.2 from 50.4 in May, data released on Sunday showed.

There have been fears that a slowdown in markets such as the US and Europe may hurt demand for China’s exports.

Analysts said the data may prompt China to introduce fresh stimulus measures to boost domestic demand.

“There is no question that China is feeling the impact from Europe, especially in the manufacturing sector,” David Carbon of DBS told the BBC.


Tags assigned to this article:
China manufacturing growth

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