China’s factory activity has fallen significantly again this month, according to reports.
This disappointing statistic will no doubt continue to worry countries across the globe about how the slowing economy in China will impact the world. So how will this affect Europe and the UK?
It appears that interest rates have been reduced in China 5 times in the last 10 months or so in an effort to invigorate lending and consumer spending.
Notwithstanding Chinese President Xi Jinping has taken steps to reassure the world in a speech on Wednesday, many economists continue to fear the global impact will be significant.