Part-HKG-Hkg10206149-1-1-0

World markets pummeled by Chinese economic stall

Downbeat data showed factory activity in China hit a three-year low, fuelling concern over the health of the world's number two economyWorld stock markets plunged further on Tuesday as more evidence emerged of China’s economic slowdown, triggering heavy sell-offs from Tokyo to New York and spurring cuts to global growth forecasts. The spark for the day’s rout came from fresh official data that showed industrial activity in China stalling. Adding her voice to private sector economists that have already cut their world growth estimates, International Monetary Fund managing director Christine Lagarde said growth would likely be weaker than the 3.3 percent estimate the IMF made just two months ago.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Russian Lawyer Who Met With Trump Jr. Linked To Group Hired By Democrats https://t.co/pm9NaKceA2 #backfire #leftwing https://t.co/17lD1bMNPr - 5 months ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article