Communist China June 2012 manufacturing fell to slowest pace in 7th months

.
7/2/12, "China manufacturing growth slows to a seven-month low," BBC

"China's manufacturing activity grew at its slowest pace in seven months in June, adding to fears about a slowdown in its economy.

Its official purchasing managers' index (PMI) fell to 50.2 from 50.4 in May, data released on Sunday showed....

The PMI is a key indicator of manufacturing activity. Any reading above 50 indicates growth.

"There is no question that China is feeling the impact from Europe, especially in the manufacturing sector," David Carbon of DBS told the BBC.

Meanwhile, on Monday HSBC released a separate survey of manufacturing activity among smaller, private-sector companies in China.

The HSBC purchasing managers' index fell to 48.1 in June, from 48.4 in May.

This is the eighth consecutive month that HSBC PMI has remained below the threshold level of 50."...

.