China's Slowdown Doesn't Look So Bad in Data From Alibaba, Baidu
- Baidu searches show smaller companies seeing more interest
- UnionPay gauge of luxury-hotel spending climbs to a record
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Data culled from China’s most-used search engine, biggest online outlet and main bank-card network are signaling stabilization in the nation’s economy.
Three alternative indicators suggest less of a deceleration in the world’s second-largest economy, and reduced risk of a hard landing. That was also the conclusion of a private survey released this week showing little danger of economic collapse after the stock-market plunge and currency devaluation.