China's economy at its weakest for the year, CBB saying manufacturing, property and the services sectors all worsening

  • lending has increased
  • current weakness in the economy is primarily due to manufacturing
  • drop in exports a factor
  • most of the decline was due to "considerably slower sales price growth

Bloomberg with the report.

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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