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As China industry slows, effects felt worldwide

Reuters  |  BEIJING 

By Langi Chiang and Jonathan StandingBEIJING (Reuters) - China's manufacturing engine lost further momentum in July and the job market weakened, a survey showed on Wednesday, complicating a transition to consumer-driven growth and boding ill for so many leveraged to the world's second-largest economy.The knock-on effects are already being felt more and more widely -- from a slowdown in Japanese export growth despite a weaker yen, to Apple lamenting a rare drop in Chinese demand for its premium brand of gadgets."China's slowdown is starting to become more dangerous," warned Yasuo Yamamoto, a ...

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First Published: Wed, July 24 2013. 10:56 IST