Chinese Caixin / Markit flash PMI for September was at the level 47.0 - lower than 47.3, which took place in August. It is in fact at least from March 2009 - on the materials AMarkets.
In addition to all - subindex of industrial components - also released a very small, do not meet the expectations of analysts - at the level of 45.7 in September against 46.7 in August. And that 78-month low. PMI, production of finished products, export orders, employment, selling prices and input prices for raw materials - all subsided. It is expected that a key indicator of economic activity in Beijing - electricity consumption - in 2015 will increase by only 2% - is the lowest increase in the last 17 years. In 2014, 2013, 2012 and 2011, the value was, respectively - 3.8%, 7.5%, 5.6% and 11.9%.
The weakness of China will already lead to a significant slowdown in global economic growth. Especially bad is necessary for developing countries, whose growth is now well below 2% a year. It is important to understand - EM-region does not exist by itself. It is the strongest influence on the developed countries in particular, and the global finance market.
For example, an episode from the history of 90th (1998): a 10% drawdown of the dollar, which occurred on October 16 took place, mainly because Russia devalued the ruble in August and has been in default on its debt by declaring a moratorium on payments to foreign contractors .
In general, in the current situation, there are many elements that were present before the crisis of the 90s.
Recommendation - keep your eyes open.