Free Republic

China’s factory activity is expected to have contracted for a fifth straight month in September, a Reuters poll showed, adding to the country’s economic woes as Beijing remains locked in an escalating trade war with the United States... fuelling expectations the authorities will have to roll out more stimulus measures to avert a sharper slowdown... The slowdown in the manufacturing sector which saw double-digit on-quarter deceleration in revenue, profits and sale prices, according to a third-quarter survey of thousands of Chinese firms by China Beige Book International (CBB) published this week. That was despite borrowing at the highest level nationally...