China manufacturing growth slows down.

China verbally intervened in the Equity markets in the Asian session by the Central bank Governor saying that equity valuations were not in line with the fundamentals.

The intervention calmed markets and Chinese equity markets closed up, bucking the US trend set in the previous session.

Here is a good Reuters article bringing you up to speed with the problem that China is facing in the US China trade war. However, one aspect of the article I disagree with is the final conclusion about China showing the US that it doesn't need them. China can't risk a slowdown in growth and civil unrest caused through unemployment and, as I have been saying for some time, will look to diffuse the situation. Most likely it will be a discrete way of diffusing it, so that China can keep face. However, they won't want to bring their own country to it's knees.