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Chinese Stocks Slide Into Red After Business Sentiment Crashes To 6-Year Lows
After a modesly positive open, Chinese stocks have pushed back into the red after Chinese business sentiment collapsed in July. The MNI China Business Indicator fell a straggering 8.8pts to 48.8 in July (below 50 signifying pessimism) - the lowest since January 2009. It appears the encouraging bounce after the massive creduit injections into June has been eviscerated and future expectations also dropped 6.4 to 54.1 in July (below the long-run average). While bad news is good news for much of the rest of the world, for China, as it continues to try to project a strong underlying economy to sustain its still extremely rich stock market, bad news is bad news.
Weakest business sentiment since Jan 2009...

and stocks are not getting a bounce from the need for moar stimulus that this implies...
The latest fall in overall sentiment outstripped the declines in the Production and New Orders indicators - although these both also fell significantly - suggesting that other factors, principally uncertainty brought on by the large correction in the stock market, may have played a part.
So a Chinese stock market crash does matter after all?
Charts: Bloomberg
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just the beginning
Winter is coming...
Right after the fall.
Good thing we're not a global economy.
Oh... wait...
Is your blade of Valerian Steel or do you have Dragon Glass?
I am prepared for the White Walkers also.
Wouldn't mind hitting Daenerys Targaryen either.
.01% glory lost.
The Greek miracle will reignite the Chinese miracle.
To repeat, Pluto has entered China's 2nd House (Mao's founding)...everything turns to shit
The US DC-elite will be short-lived in their jubilation
Everything is fine. Just look at Toshiba, power house of Japan.
Those ghost towns in China will soon be full of U.S. retirees, just you wait and see.
To the moon! Nothing can stop the juggernaut of phoney money from ether! Nothing! Not even reality!
Math lies like a sleeping viper to take down our hero.
Said it before - sub 1000 for a 40'HC from China base ports to USWC.
They are desperate to keep the exports moving for dollars - problem is round eye tapped out and up to his arse in inventory that is not moving.
This is just starting and a lot of folks are going to get crushed ( possibly includes the company I work for ).
The MNI head statistician will suffer a nail gun accident if these acts of treason don't cease.
"straggering"
lol!