Business Bites: Are we facing a global recession?
China's economy - the world's second largest - is showing signs of slowing down.
Its official Purchasing Managers' Index - an indicator of the economic health of the manufacturing sector - fell to 50.1 in July, down from 50.2 in June.
A similar survey from the eurozone showed its manufacturing sector shrank at its fastest pace for three years in July.
The figures are raising fears of a severe slowdown, and possibly a global recession.
Aaron Heslehurst discusses one of the key financial stories of the day.
01 Aug 2012
- From the section Business