Chinese manufacturing index rises but export outlook dips | The Australian

Exports were a problem area during the month, as the official survey’s new export orders subindex fell to 48.3 from 50.4 in July, slipping into contractionary territory for the first time since April 2009.

Economists said the weak exports reading could be an ominous sign for the export-dependent economy.

“It is a sign that China was affected by turbulent global markets in August,” said Standard Chartered economist Li Wei.

via Chinese manufacturing index rises but export outlook dips | The Australian.