China's economic deterioration 'disturbing'
Beige Book shows Q4 sales revenue, output, profits, hiring, borrowing and capex all turning weaker
Hong Kong
CHINA'S economic conditions deteriorated across the board in the fourth quarter, according to a private survey from a New York-based research group that contrasted with recent official indicators that signalled some stabilisation in the country's slowdown.
National sales revenue, volumes, output, prices, profits, hiring, borrowing and capital expenditure were all weaker than the prior three months, according to the fourth-quarter China Beige Book, published by CBB International.
The indicator is modelled on the survey compiled by the Federal Reserve on the US economy, and was first published in 2012.
The world's second-largest economy lacks the kind of comprehensive data available on developed nations, making it harder for investors to get a clear read - particularly as China trans…
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