Weak factory index sounds growth alarm
By Chen Jia and Zheng Yangpeng in Beijing, Yu Ran in Shanghai | China Daily | Updated: 2013-07-25 07:16
Views divided over whether steps needed now to stabilize the economy
Growth of China's manufacturing sector slowed to an 11-month low this month, in the latest sign of a steepening slowdown in the economy.
The preliminary reading of the purchasing managers index, a main gauge of factory operating activity, dropped to 47.7 in July, down from 48.2 in June, HSBC said on Wednesday.
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