China official PMI below 50%

The PMI (purchasing managers index) measures the percentage of respondents whose business is up, down or unchanged each month.   If more than 50% of respondents see their business as deteriorating, i.e., the PMI is below 50, that is usually a sign that the economy is going into recession.  PMIs come out early in the month, and are a good indicators of economic activity.  Clearly, China is continuing to slow.

Source: Trading Economics