CNBC cite a first-quarter survey by the China Beige Book

  • found that borrowing by state-owned enterprises dropped to the lowest in the study’s roughly 10-year history

China Beige Book Managing Director Shehzad Qazi noted therefore:

  • Given ties to the state, the government-linked companies are the “best signal” on authorities’ policy intent
  • says more quarterly data will be needed to tell whether China has fully in a “deleveraging” mode again
  • but that there are other signs that authorities are trying to control debt.

Here is the CNBC link for more


China Beige Book adapts methodology used by the U.S. Federal Reserve's "Beige Book"

  • a quarterly report
  • uses quantitative & qualitative data to track conditions within the Chinese economy