Wednesday, September 03, 2014


News

China's Manufacturing Numbers Decline

Fresh data out of China shows manufacturing activity down in August as new orders fell.

But government analysts say there are signs China is starting to recover from its deepest economic downturn since the 2008 global crisis.

Analyst Zhang Liqun said government policies were taking effect, with domestic investment and consumption growing steadily since June.

China's economic growth fell to a three-year low of 7.6 percent in the quarter ending in June.

Analysts expect an economic recovery late this year or early in 2013 but say it will be too weak to drive global growth without improvement in the United States and Europe.

Based on reporting by AP and AFP
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