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China’s slowdown hits manufacturing, Asian stocks and even Australian coal exports

By Quartz Staff


A link from Bloomberg

China’s services sector weakened in September, following news that manufacturing is also slowing. The developments spurred the Asian Development Bank to lower 2012 regional growth estimates, leading to a slide in Australian coal exports. The domino-effect continued with Asian stocks and commodities declining for a second day, as the Australian dollar fell to its lowest point in a month.