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Morning Bid: China optimism dissipates after weak data reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
The Caixin PMI showed on Tuesday that China's services activity in August expanded at the slowest pace in eight months, with sluggish demand continuing to dog the economy while stimulus has so far failed to meaningfully revive consumption. Investor attention fixed firmly on China's largest private property developer, Country Garden. Country Garden on Friday won approval from onshore creditors to extend a private bond worth 3.9 billion yuan ($536 million). ....