China Beige Book International, a New York-based researcher, has issued their report modeled on the U.S. Federal Reserve’s Beige Book.It shows an uneven economic rebound in China, with improvements in
- retailing,
- real estate
- mining
countered by
- rising inventories
- and lower corporate borrowing
But serious structural issues remain, including expanding manufacturing and mining inventories and credit-easing policies that continue to yield increasingly diminished returns
