Latest figures show China’s manufacturing sector contracted sharply in October, with export orders particularly hit hard.
With the manufacturing sector being China's economic engine, the news for the Asian country cannot be good. The latest data puts China at its lowest level since measuring began four years ago.
Export orders are down sharply as many of its biggest markets tip over into recession. Following the boost to the economy provided by the Olympics in August this year, a lull was generally expected.
China’s international manufacturing reputation may also have been damaged as a result of the melamine milk products scandal during this period.
However, the manufacturing index has fallen for three of the last four months.
This would suggest that China is heading for single digit growth for the first time in almost a decade.
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