China's manufacturing sector slows in August

By Fergus Ryan

Mr Qu said the data suggests the country's economic recovery is still continuing but its momentum has slowed again. "Therefore, industrial demand and investment activity growth will likely stay on a relatively subdued path,” he said.

HSBC chief China economist Hongbin Qu said both domestic and external new orders rose at slower rates compared to the previous month. "Meanwhile, disinflationary pressure returned as input and output prices contracted over the month.

Mr Qu said more policy support is needed to help consolidate the recovery. "Both monetary and fiscal policy should remain accommodative until there is a more sustained rebound in economic activity,” he said.

Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website.

Read more here: Business Spectator

    

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