News Snapshot:
A cyclist rides past the under construction East China headquarters for Tencent Technologies Inc., ... [+] center, in Shanghai, China, on Monday, Aug. 16, 2021. Tencent is scheduled to report earnings on Aug. 18 amid sustained criticism from state media over online games. Photographer: Qilai Shen/Bloomberg Tencent is scheduled to report earnings on Aug. 18 amid sustained criticism from state media over online games. u00a9 2021 Bloomberg Finance LP PMI Release Takeaway:u00a0We knew August economic data was going to be ugly due to the one-two punch consisting of floods and the Delta quarantine in Ningbo, the worldu2019s third-largest port. The...
