China's Economy is COLLAPSING
Plus: Actually, this headline alone should be enough
From The Epoch Times:
BEIJING—China’s factory activity eked out growth in September, but a slowdown in services sector growth and a downbeat private manufacturing survey pointed to further cooling as the economy grapples with COVID-19 curbs and softening global demand.
China’s official manufacturing purchasing managers’ index (PMI) rose to 50.1 in September from 49.4 in August, the National Bureau of Statistics (NBS) said on Friday, beating expectations.
The index’s return to growth, after two months of contraction, was helped by recent easing measures, but the private Caixin survey showed factory activity slumped more quickly in September and the official survey showed a sharp slowdown in services sector activity growth.
Signs that the world’s second-largest economy is struggling to regain traction after narrowly avoiding contraction in the second quarter, could add to concerns about a global recession, as major central banks embark on the most aggressive round of rate rises in decades.
“The surveys suggest that China’s economy continued to lose momentum in September, with the global downturn weighing on exports and virus disruptions dealing a fresh blow to services activity,” Zichun Huang, an economist at Capital Economics, said in a note.
Read the rest of the article here.
Recent News
-Bounding Into Sports: Tampa Bay Buccaneers Owners and QB Tom Brady Make Pledges to Donate to Hurricane Ian Relief Efforts
-Remso Martinez: Apps That Will Save (and Make) You Money During This Recession
-Dan Bongino: The US is 'Slow-Walking its Way' Into World War III
Video of the Week
If you enjoyed this, you should check out Alan’s Substack!
Apps to Make and Save $$$
-Dosh
Want a complete review of all these apps and also learn how to get free stock, cash, and crypto? Click here.
A Few Reminders
Want to book me as a guest for your event, organization, or show? Email Joanna at Joanna@rwmartinez.com with the subject line “Book Remso.”
Want to see me get locked in haunted houses? Check out my series The Witching Hour today.
Pick up a copy of my books “Stay Away From the Libertarians!” and “How to Succeed in Politics (and Other Forms of Devil Worship)”
Need someone to help with your digital marketing campaigns for your business or project? Book a call with me.