10/10/18

"Never Been Worse" - China's (Non-Government) Business Survey Collapses As Trade War Strikes



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"Never Been Worse" - China's (Non-Government) Business Survey Collapses As Trade War Strikes
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As China returns from its Golden Week vacation, it is not just its currency and stock market that is collapsing...

As Bloomberg reports, an indicator produced by a Beijing-based business school in the style of the closely-watched purchasing managers index plunged last month, adding to concerns about the slowing economy and raising the question of whether business conditions may be worse than official statistics show.

The index is based on a survey of CKGSB students and graduates who are executives at companies operating in China. The respondents represent around ...

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