The index of business activity in the manufacturing sector in August China fell to 49.7, in line with expectations.
PMI dropped to 49.7 in August from 50 in July, just below 50 points, the boundary that separates expansion from contraction. Economists in a Reuters survey forecast a motion to 49.7.
Data today are yet another confirmation that the second largest economy in the world continues to lose steam, economists also warn that gross domestic product (GDP) could dip below 7% this year.
"The economy is facing heightened economic and political uncertainty at the moment. This reflects the extreme volatility of the stock market," he writes in its report Goldman Sachs on Monday.
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