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August 23, 2012 at 00:31 AM EDT
China Flash PMI Plummets As New Export Orders Collapse To Lehman Lows
It was the best of times (US equities); it was the worst of times (the world's growth engine - China). HSBC-Markit just announced the Flash PMI for August and it's not pretty - printing at a nine-month low (47.8 vs 49.3 in July). Of course, China's own version remains in the Schrodinger-like >50-expansion state for now but with all 11 sub-indices ...
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