
Chinese workers go about their chores at a textile factory in Huaibei, east China's Anhui province on November 21, 2011. China's manufacturing activity slumped to its lowest level in 32 months in November, banking giant HSBC said, renewing fears the Asian powerhouse is losing steam amid global economic woes.
One of the world’s biggest economic engines is showing signs of slowing down.
China’s factory sector shrank the most in 32 months in November, according to a report released Wednesday. The HSBC “flash purchasing managers’ index” fell to 48, its lowest level in almost three years. An index lower than 50 usually means the manufacturing sector is getting smaller… Read More
Source Photo and Text: The Toronto Star






