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Montevideo, August 8th 2022 - 15:34 UTC

Tag: Wei Guoxiong

  • Tuesday, September 4th 2012 - 00:20 UTC

    Growing fears China is slowing down faster than estimated

    China's central bank has lowered the amount of money banks must keep in their reserves

    China's manufacturing activity fell to a nine-month low in August, adding to fears that its economy is slowing faster than estimated. The official Purchasing Managers' Index (PMI) fell to 49.2, the lowest reading since November 2011, data released over the weekend showed.