There is some market chatter about the potential for the Chinese Flash PMI to come in under 50 tonight. The current trajectory of manufacturing as well as the move by Premier Wen to slow down the economy and avoid a major inflationary fiasco may come together to show a contraction. The world markets will not be thrilled to see this as many see China as the lynchpin of the global growth story. Heck just look at Apple's (AAPL) numbers from last night; it is clear that China is playing a bigger and bigger role in the revenue for companies. See
Source: http://www.minyanville.com/businessmarkets/articles/china-china-economy-china-flash-pmi/7/20/2011/id/35859
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