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…

Comments

  1. Dying for China’s economic miracle: migrant workers ravaged by lung disease, fighting to pay for their funerals | South China Morning Post

    https://www.scmp.com/news/china/politics/article/2167706/dying-chinas-economic-miracle-migrant-workers-ravaged-lung

    Lack of contract denies compensation to many, while slow response from local government means more could die before medical and financial help arrives … read more via hyperlink above …

  2. 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.

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