China’s economic growth still slowing down, survey shows

China’s economy has almost certainly suffered a seventh straight quarter of slowing growth, with a new private sector survey of factory managers revealing a near year-long decline in business activity and a fresh fall in export orders in September.

The HSBC China Manufacturing purchasing managers index (PMI) showed overall factory activity shrank for an 11th consecutive month in September, despite the 47.9 final index level being slightly ahead of a preliminary, or flash, estimate of 47.8 and the August reading of 47.6.

via Business feed http://www.scmp.com/business/economy/article/1050100/china%E2%80%99s-economic-growth-still-slowing-down-survey-shows