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Old 09-01-2012   #6
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Originally Posted by haithuyensatcong View Post
BEIJING (AP) — Chinese manufacturing activity slid to a nine-month low in August, stepping up pressure on Beijing to revive growth in the world's second-largest economy.

The state-affiliated China Federation of Logistics and Purchasing said Saturday that its purchasing managers' index, or PMI, fell 0.9 point to 49.2 in August and below the 50 level signifying expansion.

The PMI indexes measure overall manufacturing activity by surveying numerous indicators, including orders, employment and actual production.

The federation said in its report that the August index indicates "the economy is sliding but is bottoming out, considering the changes in major sub-indexes."

China's economic growth fell to a three-year low of 7.6 percent in the second quarter, relatively robust when compared with the U.S. and Europe but low for China after years of double-digit growth

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