China Business & Economy

This Indirect Indicator Tells You How Dire China’s Economic Situation Really Is

A currency dealer walks past a screen showing South Korea's benchmark stock index in a trading room at the Korea Exchange Bank in Seoul on July 6, 2015.(Jung  Yeon-Je/AFP/Getty Images)
A currency dealer walks past a screen showing South Korea's benchmark stock index in a trading room at the Korea Exchange Bank in Seoul on July 6, 2015.(Jung Yeon-Je/AFP/Getty Images)

Forget about the purchasing managers surveys, which tell you industrial activity in China is grinding to a complete halt. Not 7 percent growth, not 6...




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