China Beige Book Shows ‘Disturbing’ Economic Deterioration

  • Survey results weaken across the board; profits disturbing
  • Successful manufacturing-to-services transition may be on hold

China Beige Book Shows 'Disturbing' Downturn

China’s economic conditions deteriorated across the board in the fourth quarter, according to a private survey from a New York-based research group that contrasted with recent official indicators that signaled some stabilization in the country’s slowdown.

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