#Folow ME My CHANEL# China’s manufacturing sector shrinks in August

#China #Economy #BBCNews
China’s manufacturing sector has shrunk for the fifth consecutive month, an official survey showed.

The country’s manufacturing purchasing managers’ index rose slightly to 49.7, but still sits below 50, which signals a contraction.

Despite a turbulent few months, China's leader Xi Jinping defended the "strong resilience, tremendous potential and great vitality" of the economy.

It is a very different picture in India, where the economy grew at its quickest pace in a year in the April-June quarter.