Chinese manufacturing activity slows sharply

Scherpe val van de industriële productie en export in China in oktober.
China begint de gevolgen van de wereldwijde recessie nu al te voelen.

The China Federation of Logistics and Purchasing said its purchasing managers' index, a broad measure of new orders, exports and other factors, fell to 44.6 in October. It was the lowest level since the survey began in 2005 and a drop from September's 51.2. A number above 50 indicates activity is growing, while a number below 50 shows it is contracting.
October's slowdown was driven by a downturn in export orders and demand for goods such as steel and machinery, the federation said.