Markets sink on renewed China economy fears

Markets fell sharply again today after gloomy data from China ignited fresh fears over the strength of the world’s second biggest economy.

London’s FTSE 100 Index sank 133.3 points or 2.1% lower to 6114.7 after heavy falls in Asian markets following a Chinese manufacturing report showing activity fell to a three-year low last month in another sign of slower-than-expected growth in China’s economy.