Chinese Economy Crashing As Trump Brushes Aside Calls For Trade NegotiationsMark Melin
China’s economy continued to contract in September as talk of trade negotiations with the Trump administration have cooled.
Most often Chinese economic activity ramps up in September, but for the first time the NBS manufacturing PMI, which measures economic output to degrees, was down as broad measures of economic activity have been sliding. Real GDP growth in the third quarter is tracking to 6.5-6.6%, a Macquarie report noted, down from the second quarter and it “will likely remain on a broad deceleration trend over the next 12 months,” Macquarie Capital’s
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