China factory index hits 6-year low
A key indicator of China’s manufacturing activity slumped to a 77-month low in August, an independent survey showed on 21 August, fuelling concerns of further deceleration in the world’s second-largest economy.
The preliminary reading of Caixin’s Purchasing Manager’s Index (PMI) came in at 47.1 this month, the Chinese media group said in a joint statement with Markit, a financial information services provider that compiled the survey.
