Expert comment on China’s factory activity shrinking and its slowing economy
Kamel Mellahi, of Warwick Business School, is a professor of strategic management and researches emerging markets and China.
Kamel said: “These are not the figures those concerned about the growth of the Chinese economy were hoping for in the second half of the year. They show that the country’s pulse in factories and workshops is slowing down faster than expected.
“The reaction of markets around the world is understandable and contains a very audible sigh of concern about the slowdown of the Chinese economy. There is still plenty of time for the economy to pick up in the second half of the year as widely predicted, but better figures can’t come soon enough. I certainly expect the Chinese government to pull out all the stops to hit the country’s 7% growth target for the year.”