Trader Matt MacGregor works in a booth on the floor of the New York Stock Exchange Thursday, Aug. 27, 2015. (AP Photo/Richard Drew)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
China's economy may be slowing but it is "not falling off a cliff," the chief executive of Southeast Asia's biggest bank said Friday.Gupta said investors should take a broader look at China's economy, noting that the drag came mainly from the industrial sector, in particular construction.China's services sector, which has taken on a bigger role in the economy, is expanding, resulting in buoyant retail sales, he said.China's manufacturing PMI slumped to a 77-month low to 47.1 in August, according an independent survey.The Asian Development Bank last month projected China's economy to grow 7.0 percent this year and 6.8 percent next year, down from a March estimate of 7.2 percent in 2015 and 7.0 percent next year.
FOLLOW THIS ARTICLE