China manufacturing contracts, Korea exports slump as Asia's woes deepen
| Reuters
China's giant manufacturing sector contracted and exports from
South Korea tumbled by the most in six years in August, rattling Asian
markets on Tuesday and reinforcing expectations that policymakers will
need to ease policy further.
Manufacturers across Asia struggled last month, a series of surveys
showed, denting hopes of a pick-up in the second half of the year as the
region tries to fire its traditional growth engine of exports.
The Chinese government's measure of manufacturing showed
activity contracted at the fastest pace in three years, while a survey
by Markit, which focuses more on smaller, private firms, showed the
factory sector's weakest performance in 6-1/2 years.
No amount of money injection can fix this. keep an eye overhead...

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