Factory slump in Asia - more to come?

From Reuters.com:

A factory slump in Asia's two biggest exporters China and Japan deepened in June as crumbling orders from abroad dragged activity to seven-month lows, heightening worries that the health of the global economy is deteriorating. 

...The data increases the risk that the economies of major demand centers Europe and the United States may be weaker than previously thought. Purchasing managers' reports on the two regions are due to be published later on Monday.

The latest sign that China's economy is struggling came on Monday with a private purchasing managers' index (PMI) showing factory activity shrank at its fastest pace in seven months in June....
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Link: http://www.reuters.com/article/2012/07/02/us-global-economy-idUSBRE86107X20120702