Red Ponzi Plunging---Private Business Survey Collapses As Trade War Strikes

As China returns from its Golden Week vacation, it is not just its currency and stock market that is collapsing...

As Bloomberg reports, an indicator produced by a Beijing-based business school in the style of the closely-watched purchasing managers index plunged last month, adding to concerns about the slowing economy and raising the question of whether business conditions may be worse than official statistics show.

https://www.zerohedge.com/news/2018-10-09/never-been-worse-chinas-non-government-business-survey-collapses-trade-war-strikes

 

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