Yuan Movements Highlight China’s Attempt to Halt 10th Month of Export Contraction; Major Currency War Coming Up?
Monday, January 4, 2016 5:48
% of readers think this story is Fact. Add your two cents.
by Mike “Mish” Shedlock
MISH’S Global Economic Trend Analysis
Chinese manufacturers see further deterioration in business conditions, down 10 consecutive months as noted in the latest Caixin China General Manufacturing PMI release.
Operating conditions faced by Chinese goods producers continued to deteriorate in December.
Adjusted for seasonal factors, the Purchasing Managers’ Index™, operating conditions in the manufacturing economy registered below the neutral 50.0 value at 48.2 in December, down from 48.6 in the previous month. Business conditions have now worsened in each of the past 10 months. That said, the latest deterioration was modest overall.
Continue Reading at GlobalEconomicAnalysis.Blogspot.com…
Source: http://financialsurvivalnetwork.com/2016/01/yuan-movements-highlight-chinas-attempt-to-halt-10th-month-of-export-contraction-major-currency-war-coming-up/?utm_source=rss&utm_medium=rss&utm_campaign=yuan-movements-highlight-chinas-attempt-to-halt-
