According to recent economic indicators published in Beijing, the Chinese manufacturing industry has slowed down in the third consecutive month, casting more fears on global supply chains.
The official Purchasing Managers Index (PMI) was less than anticipated, and it signified a decline in factory production. Analysts cite weak foreign demand and sluggish domestic consumption as the factors that caused the fall.
This downturn comes after government stimulus packages to revive the economy. The economists fear that such a prolonged slowdown in the second-largest economy in the world would render the global trade recovery a little more low-end, especially with other major economies facing their own headwinds.
