More trouble for China’s exported Juggernaut

China’s export engine running out of breath. For both China’s economy and currency, that’s bad news.

Of China Official Purchasing Managers Index for September, released on Friday, is a mixed bag. The manufacturing index unexpectedly spiked to 50.1, breaking the 50-point mark that separates expansion from contraction for the first time since June. But the service sector index fell to a contraction for the first time since May, when Shanghai’s fierce shutdown was at its peak.


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