2 graphs to illustrate the poor economic outlook in China

The Markit/Caixin index was at 47.1 in August, its lowest level since March 2009. It’s another piece showing that the downturn of the Chinese economy is not over. That’s why I think that the adjustment seen on the Chinese currency is not over.
In the second graph, orders indices are trending downward and do not let expect a rapid U-Turn on economic activity.  There is a need for a shock to change the economic profile. A 10% depreciation of the Renminbi is necessary to create a real shock on the economy
China-2015-august-pmichina-2015-august-ratio

One thought on “2 graphs to illustrate the poor economic outlook in China

  1. Pingback: China’s economic slowdown | Bear Market Investments

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