China leads gloom for Asia manufacturing
- Published: 3 Sep 2012 at 12.48
- Online news: World
Manufacturing in Asia further weakened last month, data showed on Monday, with activity in China hitting a more than three year low, as leaders faced calls for action to avoid a sharper slowdown.
A container being loaded at Qingdao port in east China's Shandong province in August. China's manufacturing activity fell to its lowest level in more than three years in August as the global economic slowdown continues to weigh on the world's largest exporter, HSBC said.
The latest gloomy readings come as export-dependent nations feel the pinch from collapsing demand caused by the long-running debt crisis gripping Europe and the stuttering recovery in the United States.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.
