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.
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