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Economy News
 
Survey shows China manufacturing contracting, adding to signs economy cooling
23-May-2013

A survey shows China’s manufacturing contracted this month, adding to signs a fragile recovery in the world’s No. 2 economy is slowing.HSBC Corp. said Thursday the preliminary version of its monthly purchasing managers index fell to a seven-month low of 49.6 from April’s 50.4 on a 100-point scale. Numbers below 50 show a contraction.

News Source:- http://www.washingtonpost.com/business/survey-shows-china-manufacturing-contracting-adding-to-signs-economy-cooling/2013/05/22/55fdb542-c353-11e2-9642-a56177f1cdf7_story.html