Economics
China-to-Japan Slowdown Signs Support Case for Stimulus
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A Chinese manufacturing survey pointed to an 11th month of contraction and Japan’s exports fell in August, supporting the case for increased stimulus as Asia’s growth slows.
The preliminary reading was 47.8 for a China purchasing managers’ index today by HSBC Holdings Plc and Markit Economics, compared with a final level of 47.6 last month; a reading above 50 indicates expansion. Japan’s overseas shipments slid 5.8 percent on weakness in demand from Europe and China. A separate report showed euro-area manufacturing shrank for a 14th month.