China manufacturing index hits two-year low: survey
A key gauge of Chinese manufacturing activity plunged to a two-year low in July, an independent survey has showed, the latest data suggesting the world’s second-largest economy faces challenges in the third quarter.
The final reading of Caixin’s Purchasing Managers’ Index came in at 47.8 for the month, the Chinese media group said in a joint statement with Markit, a financial information services provider that compiled the survey.
