This reflects a protracted period of weak external demand with consequent strongly negative effects on exports and increasing uncertainty about high-growth emerging countries.
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Weak external and domestic demand has weighed on Chinese manufacturers.
BBC: China manufacturing activity shrinks again in September
The economy has been hurt by high interest rates and a weak external environment, which has led to a collapse in private investment, coupled with large fiscal and current-account deficits.
The economy has been hurt by high interest rates and a weak external environment, which has led to a collapse in private investment, coupled with large fiscal and current account deficits.
"The biggest reason for the decline in gross domestic product (GDP) is external demand was weak and domestic demand did not recover as quickly as we thought, " said Shuji Tonouchi of Mitsubishi UFJ Morgan Stanley Securities in Tokyo.
"The trade data (shows) that external demand still remains weak, which is widely-known to the market, so I think investors will pay more attention to indicators that reflect companies' business operations, profitability and revenue growth, such as industrial production and power consumption, before they make up their mind, " said Dongxing Securities analyst Sun Zheng.
Alexander Rondeli, who heads the Georgian Foundation for Strategic and International Studies, says Georgia faces internal and external pressures that keep it weak.
And despite what Murray Rothbard said, a purely commercial society would be too weak to defend itself from internal and external predators.
"New export orders contracted after a temporary rebound in March, suggesting external demand for China's exporters remains weak, " said Qu Hongbin, China chief economist at HSBC in a statement.
Bernstein analyst Ronny Gal suggested in a note to investors, citing weak fundamentals in the US generics space as a barrier to external interest.
Severe external pressures, such the eurozone debt crisis, weak US growth and rising oil prices, had led to a "dramatic change" in the international situation in the past six months, he acknowledged.
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