China's manufacturing sector continued to contract in May, according to HSBC's Flash Purchasing Managers' Index.NEW YORK (CNNMoney) -- China's manufacturing sector continued to shrink in May, according to preliminary data released Thursday.HSBC's Flash Purchasing Managers' Index fell to 48.7 in May from 49.3 the previous month. Any reading below 50 indicates the manufacturing sector has been shrinking. While the news comes as yet another sign of weakness for China, the outlook for the world's second largest economy is still far from clear.Manufacturing accounts for more than a third of the Chinese economy, so the PMI is one of the country's most closely watched indicators. That said, the data vary greatly depending on the source.According to HSBC for example, China's manufacturers have been weakening for 11 ... Continue reading →
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NEW YORK (CNNMoney) -- The World Bank said a slowdown in China will drag on growth in the entire East Asia-Pacific region.The bank, an international organization that helps to fund projects in the developing world, said in a report released Wednedady that growth in the East Asia-Pacific region should slow to 7.6% this year from 8.2% in 2011 and 10% as recently as 2010. The slowing regional growth is due to China, which has seen its exports fall due to economic weakness across the developed nations that are its primary customers. Chinese growth is projected to fall to 8.2% this year from 9.2% last year, according to the World Bank's forecast. The bank said China and other developing economies in the region need to do ... Continue reading →
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Priscilla Chan, the bride of Facebook founder Mark Zuckerberg, holds flowers given to her during a December visit to Vietnam. STORY HIGHLIGHTS Priscilla Chan marries longtime boyfriend Mark Zuckerberg Chan reportedly has just graduated from medical school The two met at Harvard more than nine years ago (CNN) -- She likes Target, the Food Network and sun-dried tomatoes. She loves taking pictures of her dog Beast, and admits to checking her phone "every five seconds." Priscilla Chan vaulted into the spotlight on Saturday when it was revealed she had married longtime boyfriend Mark Zuckerberg -- billionaire and Facebook founder. The wedding, according to media reports, came within days of Chan's graduation from medical school at the University of California, San Francisco. The two met more ... Continue reading →
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Watch the latest breaking news, politics, entertainment and offbeat videos everyone is talking about at CNN.com. Get informed now! Continue reading →
Watch the latest breaking news, politics, entertainment and offbeat videos everyone is talking about at CNN.com. Get informed now! Continue reading →
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Top Chinese Architect leads elite school in southern california Hongshaorou, the fatter it is, the better it is, and apparently the dish's succulent porky layers can make you a genius Yu Long, the man behind one of China's premier music events, is not someone who cares to pander to the lowest common denominator. The Creators of Fruit Ninja want to attack the Chinese market A crowded market is not quenching The thirst of newcomers for profit Nation should be at the core of any global company's business strategy, top consultant says. Artist's new album opens Chinese musical doors to the West The Double Ninth Festival is a special day of respect for chinese seniors Continue reading →
