Following the turbulent economy of the world, China's economy has also begun to surrender its weapons to fight inflation and recession. It has been informed that because of the lower demand from the US and European countries the growth of the country is getting affected.

It is believed that if soon nothing is done to support the growth of China than the world might witness yet another recession. A report on the HSBC preliminary purchasing managers' index (PMI) has highlighted that the PMI is lower than 50 in September.

Through PMI figures it has come to light that the price of raw material is on surprisingly high. Rise in the raw material is making it difficult for Beijing to control the inflation. The West has been looking towards China for monitory help but with the prevalent scenario of China it seems like the country wouldn't be able to provide any help.

Yesterday, the Fed warned that the world economy is going through a slowdown. Moreover, the Head Global Researcher of Lloyds Banking Group warned that if soon nothing is done than the whole world might witness recession again. The US Fed is doing its bit is promoting financial stability by lowering the borrowing cost. All the countries' government is required to find out plans of solving the issue at their own levels.