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China’s economy may be headed for another low

September 25, 2019

Via: CNBC

BEIJING — China’s economic numbers in the last few months have disappointed expectations but the worst is not over — analysts are expecting third quarter data to come in even weaker than than before.

A quarterly survey by China Beige Book released Wednesday showed that growth slowed in the third quarter while debt levels soared.

“Nationally, revenue, profits, output, sales volumes, and job growth all slowed from a quarter ago, as did both domestic and export orders,” the report said, citing China Beige Book’s survey of more than 3,300 Chinese businesses.

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