Monday, October 1, 2012

China shows more signs of slowing down


HONG KONG (CNNMoney) -- Activity in China's factory sector continued to slide last month, bringing more bad news for the country's political class as they prepare for a once-a-decade leadership transition.
The Chinese government said Monday that its official manufacturing index hit 49.8 in September, up from 49.2 in August. Any reading below 50 indicates that factory activity is shrinking rather than growing.