Chinese markets were down heavily overnight following a sharp drop off in foreign direct investment. Chinese foreign direct investment, a major part of the country’s GDP, fell to a 0.6% annual rate in August from 24.1% in the month
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European bourses turned lower, but strong manufacturing data from China helped limit losses. HSBC’s private survey of Chinese manufacturing activity crossed the key 50 level for the first time in four months in August, in line with last week’s