China’s weak factory PMI data has increased pressure on the government to implement consumer stimulus measures to boost economic growth. The country’s official manufacturing Purchasing Managers’ Index (PMI) dropped to 49.9 in August, signaling a contraction in the sector for the first time since April 2020. This decline has raised concerns about the overall health of China’s economy and the need for targeted policies to support domestic consumption.
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Trump nominates ex-Florida attorney-general Bondi after Gaetz exit
President-elect Donald Trump nominated Pam Bondi as attorney-general following Matt Gaetz's withdrawal from consideration. Trump stated that the Department of Justice has been weaponized against Republicans and that Bondi will refocus it on fighting crime. He described Bondi as smart, tough, and an advocate for America First, believing she will do an excellent job as Attorney General. Full Article
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