1.As Trade War Drags On, China’s Manufacturing Output Plunges
Reuters reports factory activity in China shrank in August for the fourth month in a row.
The slump began as the US ratcheted up trade pressure and domestic demand remained sluggish.
The diminishing output points to a further slowdown in the world’s second-largest economy.
The sector’s most persistent weakness in decades could push Beijing to roll out stimulus packages more quickly.
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