The latest sign that China's economic

The latest sign that China's economic oakley sunglasses 2012 growth is sliding came on Sunday with a government purchasing managers' index (PMI) dropping to 50.2 in June from May's 50.4. The outcome was stronger than expected but it still showed that growth in manufacturing sector activity was close to stalling. Shrinking new orders and the steepest fall in export orders since December suggested no immediate pick up for the world's second-biggest economy. The story was similar in Japan, home to big brand exporters such as camera and printer maker Canon Inc, which earns about 80 percent of its discount oakley sunglasses income outside Japan. The June PMI, released on Friday, slipped to 49.9, below the 50-point mark that separates expansion from contraction. Japan's index for new export orders dropped to 47.5, the sharpest pace of contraction since February. South Korea's PMI fell to 49.4, suggesting the factory sector shrank in June for the first time in five months. The report also indicated new export orders oakley sunglasses wholesale were falling.