For the second time in less than six months, concerns about China’s rocky transition from an export-fueled industrial nation to a more mature developed economy have rattled global financial markets.
The trouble began Monday when a private report showed a slowdown in China’s manufacturing sector had worsened last month.
Fears that the nation’s economic growth was slowing more than official figures indicated helped trigger a 7% drop in the Shanghai composite index.
That caused markets to tumble in Europe and the U.S.
The Dow Jones...