It is obvious that China’s economy continues to decline and market demand is weak. The Manufacturing PMI (Purchasing Managers’ Index) released by the National Bureau of Statistics (NBS) recorded 49.2 in October, down 0.9 percentage points, contracting again; the Services Business Activity Index and the Composite PMI Output Index both plunged 1.9 percentage points, recording…
Lockdowns Devastate Small Business and Leaves Economy Dominated by Large Corporations
Lockdowns have disproportionately affected workers for small businesses compared to large businesses, according to an analysis by the Institute of Public Affairs (IPA). The analysis of Australian Bureau of Statistics (ABS) unemployment data found that between June 26 and July 17, 420,000 jobs were lost—or 20,000 a day. The New South Wales (NSW) jobs sector…
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