This was about yesterday but I missed it. I sometimes wonder how much interest there is in the Chinese economy.
But, as the chap in Looper says:
OK, so apart from taking advice from a sci-fi flick .... back to the China post. This from China Beige Book International (CBB) via Reuters
China's economy continued to improve in the second quarter
- Corporate profits rising
- Hiring up
- Property sector slowed
- Manufacturing improved
- Retail and services industries bounced back after a difficult first quarter
- Strong performance in the commodities sector despite some price weakness in the second quarter
Yet signs of stress in the corporate sector
- CBB said cash flow was negative for many companies and inventory levels in the second quarter was at the highest in the history of the survey
CBB said there are signs tougher times could be ahead for Chinese companies during a period of deleveraging and rising interest rates.
