“China’s manufacturing activity slumped in August to a nine-month low in the latest sign of serious weakness in the world’s second-largest economy.  China’s economy slowed to growth of 7.6 percent in the second quarter up until the end of June, the worst performance in three years.  Trade, industrial output and retail sales figures for July came in weak, raising concerns that government efforts to stimulate growth may be insufficient.  China has tried to boost its economy with interest rate cuts and by lowering the amount of funds that banks must keep on hand in a bid to spur the kind of lending that could stimulate a rebound.”

http://www.rawstory.com/rs/2012/09/01/chinas-manufacturing-slumps-in-august/

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