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China suffers sharpest contraction in factory activity in 6 1/2 years

Flash Caixin/Markit China Manufacturing PMI at 47.1 in August, from 47.8 in July

DOWNWARD SLIDE: A detailed breakdown of the activity survey showed that conditions were deteriorating on almost every level, with factory output sinking to a near four-year low.


ACTIVITY in China's factory sector shrank at its fastest pace in almost six-and-a-half years in August as domestic and export demand dwindled, a private survey showed, adding to worries that the world's second largest economy may be slowing sharply.

China's surprise