Much has been written about how a Trump instigated trade war has hurt China, and with good reason. Numbers coming out of the country show that U.S. tariffs are taking a toll on Chinese economic growth and that dismal projection is likely to be exacerbated going forward. China’s manufacturing sector in October expanded at its weakest pace in more than two years, hurt by both slowing domestic and external demand, in what Reuters called this morning a sign of deepening cracks in the economy from an intensifying trade war with the US. China’s official Purchasing Managers’ Index (PMI) dropped to 50.3 in October, the lowest mark since July 2016 and also down from 50.8 in September. The PMI gives global investors a look at business conditions in China at the beginning of the last quarter of the year. A mark of 50 or below indicates economic contraction instead of […]