China August official PMI falls to 49.7, in line with expectations
August 31, 2015 at 21:00 PM EDT
China's official manufacturing purchasing managers' index edged down to 49.7 in August from 50 in July, just below the 50- mark that separates expansion from contraction. "If momentum does not pick up soon, it is very likely that China will not meet its growth target of 7 percent this year," ANZ wrote in a note on Monday.. This reflects extreme equity market volatility...