Beige Book says it saw modest improvement in China's economy in Q2,
- manufacturing and retail sectors outperforming
Looking ahead, risks are more serious though:
- capex is flat
- record levels of inventories
- shadow finance increasing
- surprise inflation pressures
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China Beige Book adapts methodology used by the U.S. Federal Reserve's "Beige Book"
- It's a privately produced quarterly report
- Uses quantitative & qualitative data to track conditions within the Chinese economy
- The Beige Book is only available to subscribers to their service
