China’s Purchasing Manager’s Index (PMI) fell to its lowest reading in almost three years in November. Weaker demand for China’s exports in the U.S. and especially Europe continues to impact China’s manufacturing sector.
“Though a less-than-50 figure was expected, it suggested that China is no exception and is being hit by the euro crisis and global uncertainty,” said Conita Hung, an analyst at Delta Asia Financial Group.
Source: BBC News
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