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Survey shows China manufacturing shrinks in June

<!– google_ad_section_start –> HONG KONG (AP) — Manufacturing in China contracted this month at a faster pace as demand weakened, according to a private survey Thursday, adding to fears about a fragile recovery in the world’s second-biggest economy. HSBC said that the preliminary version of its monthly purchasing managers index fell to a nine-month low of 48.3 in June, down from 49.6 in May. Numbers below 50 indicate a contraction. June factory output decreased, a reversal from gains in the month before, while new export orders and new orders overall decreased at a faster rate. <!– google_ad_section_end –>

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Survey shows China manufacturing shrinks in June

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