Key snips from the Caixin.....................>

CHINA: Key snips from the Caixin Services/Composite PMI:

- "While the gauge for overall new orders inched up, the one for new export

business dipped into contractionary territory. The decline in overseas demand

reflected the adverse shock of the Sino-U.S. trade conflict. The employment

gauge returned to expansionary territory, hitting the highest since January

2015, suggesting an improvement in labor market conditions."

- "Both gauges for input costs and output charges dipped, reflecting a downward

trend in overall prices. The measure for future output edged down, despite

staying in positive territory, suggesting that business confidence remained

subdued."

- "China's economy showed clear signs of a recovery in August, especially in the

employment sector. Countercyclical policies took effect gradually. However, the

Sino-U.S. trade conflict remained a drag, and business confidence remained

depressed. Still, there's no need to be too pessimistic about China's economy,

with the launch of a series of policies to promote high-quality growth."