August brought further concerns for China's manufacturing sector as activity dipped again, signaling ongoing challenges. The Purchasing Managers' Index (PMI) for manufacturing fell to 49.1 from 49.4, according to the latest data from the National Bureau of Statistics and the China Federation of Logistics & Purchasing (CFLP). A PMI reading above 50 suggests sector expansion, while a reading below indicates contraction. In contrast, the services sector showed a slight uptick, with its PMI rising to 50.2 from 50.0 in July, hinting at stability in non-manufacturing activities.

Of course the solution will be more of the same: interest rate manipulation and more cheap credit. Got BTC?