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CDT Money: PMI Shows Fall in Manufacturing, Chinese NYSE Firms up Against the Wall

Moderate pessimism continues as the main theme of economic news from China, as it faces turmoil in the EU – if considered a single economy, China’s largest trading partner – and rising concerns about the stability of the Chinese financial system. With confirmation of a $1.7 billion spending plan, the Chinese government is making a major effort to head off a serious recession. Manufacturers ar