Cold War 2.0 craters alternative China PMI

Via Bloomie:

The CKGSB Business Conditions Index, compiled by the Cheung Kong Graduate School of Business, dropped to the lowest level in its seven-year history in September as the U.S. and Chinese governments imposed new rounds of tariffs on each other’s exports, escalating the trade war.

I don’t usually follow it but the survey appears to have a pretty good track record…

David Llewellyn-Smith
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  1. China is extremely vulnerable to a loss of confidence by the elites leading to accelerated capital flight.
    Results like this are not a good sign for Xi Jinping’s great rejuvenation of the Chinese nation/race.