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Europe's woes hit Chinese factories

2012-08-23 18 Dailymotion

China's once booming manufacturing sector is contracting at its fastest pace in nine months new business surveys show.

That is due to falling demand from debt-ridden Europe, which is China's single biggest export market.

The export slump has put the Chinese economy under pressure, with the ripples now being felt across east Asia.

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http://www.euronews.net/