Daily Memo: Delta Disrupts China’s Recovery, EU Braces for Refugees

China's services sector is getting slammed by the COVID-19 delta variant.

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Chinese slowdown. China’s services sector is getting slammed by the COVID-19 delta variant, with sporadic lockdowns in China over the past month leading to a sharp slowdown, as measured by the government’s non-manufacturing purchasing managers’ index. The services index fell from 52.5 in July to 45.2 in August (anything below 50 reflects a decrease in […]

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