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Sept. 1 (Bloomberg) -- In "Company News," Bloomberg's Manus Cranny reports on the top business stories of the day. He speaks on Bloomberg Television's "On The Move." (Source: Bloomberg)

Thanks for that roundup.

China is in focus.

Manufacturing slowed more than estimated last month.

It is yet another sign suggesting that the economy is losing momentum.

For more, let's go to beijing.

Bloomberg's china economist is standing by.

Take me behind the headline numbers.

There is something quite telling in terms of the small and medium-sized enterprises as well.

That didn't bode well, did it?

That is right.

There was a mess for the official pmi.

Hsbc market pmi, which is believed to have a better coverage of small and medium-sized enterprises also came down, falling from july.

If you drill down into the details, exports were weaker, new orders were weaker, production was down, inventories were up and backlogs of work were down.

Fairly dismal data set from the two china pmi theories published today.

What are the other early signs coming out of the china economy?

There has been a concern about lending, shadow banking, the amount of credit.

There has been a number of key indicators.

Right, coming into the third quarter of the year, there was a lot of optimism about china's growth.

A lot of that evaporated in july, when we had extremely weak lending figures.

The lowest figures for new lending since october, 2008. coming into august, the signs are that that week lending is starting to weigh on the real economy.

I talked about the pmi data.

We have also had export data out of korea.

Korea's exports, very well aligned.

The korea export numbers were disappointing.

We had a contraction in korean exports in august.

That is a bad sign for china's factory sector.

And we had more signs of trouble from the real estate sector.

The real estate sector is the main contributor to chinese domestic demand.

They say that in china's top 100 cities, house prices fell month on month for a fourth consecutive month in august.

Pmi data, export data out of korea, early signs on real estate, all week in august.

We are going to leave it

This text has been automatically generated. It may not be 100% accurate.


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