The global economic recovery continues to sputter, with news of slowing expansion in Chinese manufacturing adding to disappointing growth in the US.
The Chinese official purchasing managers' index for July, published yesterday, sank to its lowest since February 2009, with government curbs on lending and real estate speculation restraining growth.
Widely watched indices of manufacturing and service sector activity for the US due for release this week are likely to confirm that the American economy continues to decelerate.
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