See on Scoop.it – Geography Education

“After growing by leaps and bounds for more than three decades, China’s economic growth has come to a halt, falling from around 12 percent in the second quarter of 2006 to 7.6 percent in the second quarter of 2012. Export-dependent manufacturing sector has been hard hit. The June HSBC Flash Purchasing Managers Index hit a seven-month low of 48.1, down from a final reading of 48.4 in May, the eighth consecutive month that the index has been below 50—the contraction threshold. Is this just a temporary pause, caused by a prolonged slow-down in the world economy or something more serious?”

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