A survey done by HSBC has shown that the manufacturing sector's activity has fallen to the lowest since the depths of global downturn hit in 2009. This goes in line with the data that shows that there has been a marked dip in growth of China. The research was done by HSBC by keeping companies as the audience.

Meanwhile, Indian economy is 360 degree different and has done well with the estimates showing that the performance will improve during coming time. India's HSBC Markit Purchasing Managers' Index, came up in July to end at 57.6 as against 57.3 in June.

Higher orders are the reason for the same. Even the export sector is doing well. It is happening despite worries ripening that the demand will come down, mostly in the West.

Second quarter has brought another line of slowdowns for the US economy. While this is helping other economies like China by allowing them to attract higher investment, for some it is no reason for joy.

China and some of the other export-driven economies have been hit rather badly and are now looking to increase their domestic consumption.