China Is Dangerously Close To Slipping Into A Recession
In hisDaily Market Notes report to investors, while commenting on China close to slipping into a recession, Louis Navellier wrote: Q2 2021 hedge fund letters, conferences and more China Recession?The shocking news this week was that the Chinese National Bureau of Statistics announced that its non-manufacturing, service sector index plunged to 47.5 in August, down from 53.3 in July. The Delta variant of Covid-19 was largely responsible for this massive contraction. I should add that any reading below 50 signals a contraction. Since China’s manufacturing index was at 50.1 in August, down from 50...