China’s manufacturing sector has shrunk for the fifth consecutive month, an official survey showed. The country’s manufacturing purchasing managers’ index rose slightly to 49.7, but still sits below 50, which signals a contraction. Despite a turbulent few months, China’s leader Xi Jinping defended the “strong resilience, tremendous potential and great vitality” of the economy. It is a very different picture in India, where the economy grew at its quickest pace in a year in the April-June quarter.
China’s manufacturing sector shrinks in August – BBC News
