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The Shanghai Composite Is Down 1%, After Chinese Manufacturing Contracts Further

Mamta BadkarJul 24, 2013, 08:31 IST

The Shanghai Composite is down 1% after HSBC China flash PMI hit an 11-month low of 47.7 in July.

Premier Li Keqiang helped calm markets on Monday by saying that 7.5% is the growth floor for 2013. But today's reports just add to concerns about the nation's economic slowdown.

yahoo finance