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Extending the biggest twomonth tumble since 2008. The purchasing Managers Index was 49. 7, down from 50 in july. Anything below 50 indicates a contraction. Lets get straight to the chief asia economics correspondent, in hong kong. What does this data tell us . I guess it shows that there is no autumn out just yet in chinas slowing economy. I will say that these figures have been distorted because factories around beijing in particular have been shut down to try and clear skies ahead of a very important military commemoration this week. There was a big athletics championship run in beijing also over the last few weeks. A fair bit of distortion on these numbers, but at the same time, it illustrates that the policy the rate cuts arent really getting traction just yet from china. The slowdown that is gripping the factory continues. That thisany sign figure has to be taken with a pinch of salt because it has been distorted . They are t ....
Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. We should be doing everything we can to keep families from falling into poverty and build more ladders of opportunity to help people who are willing to work hard climb out of poverty. Rose we begin tonight with the Global Economy, the united states, japan and europe seem to be gaining back some of that lost momentum emerging markets, are witness ago different fate, the International Monetary fund cuts its projection for emerging Market Growth for the year 2013, china is expected to reach its official growth target of 7. 5 percent, the countrys leadership is facing questions on the sustainability of its economic model. Joining me now to talk about these tr ....