The CKGSB Business Conditions Index is an alternative to the China official manufacturing PMI. In September, it fell to its lowest level since its launch seven years ago. Professor Li Wei, who oversees the survey, said that “for most, business has never been worse.”
Web Source: “Alternative China PMI Gauge Says Business `Has Never Been Worse’”, Bloomberg, 09 October 2018,
accessed 18 October 2018, https://www.bloomberg.com, Link to the article
Comment: Although the index is quite volatile, the current decline is worrying. In particular, because more and more indicators are pointing to a slowdown in the global economy.