October's was a 7 month low, November's is now an 8 month low and an outright fall
- This is th4e first negative result of 2018
An ugly result. China 'proxy' trades taking it negatively.
Add this to the signs of a slowing China economy. Which increases the probability of stimulus from China and also China seeking a deal with US.
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Earlier I popped up some brief background on this:
October was +3.6% y/y, this was a 7 month low growth rate. Less impetus coming from the domestic economy alongside the US/China trade war has been cited for the slowing. Add in also:
- high financing costs
- and credit defaults rising
