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China’s economic slump continues as manufacturing slows sharply and investment growth hits 20-year low
Growth in China’s industrial economy fell sharply in October, as a broad-based slowdown in manufacturing was again clear in figures released on Thursday. Industrial production, a measure of growth in sectors such as manufacturing, mining and utilities, expanded by 4.6 per cent cent last month, down from 5.8 per cent in September. This was below analysts’ expectations of 5.4 per cent growth. September’s figure had been a rebounded from a 17-year low of 4.4 per cent, recorded in August. In another piece of data released by China’s National Bureau of Statistics on Thursday, fixed asset investment, purchases of ... (full story)
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