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Economics

China’s Growth Looks Like It Has Already Peaked for 2017

  • Smaller-company confidence wobbled as manufacturing weakened
  • Sales manager survey showed sentiment climbed to 20-month high
1485395639_china manufacturing lede
Photographer: Qilai Shen/Bloomberg
Updated on

The earliest indicators for China’s economy in June signal that the manufacturing sector may be poised to decelerate, while other challenges loom in the second half of this year.

Small- and medium-sized enterprises showed the lowest level of confidence in 16 months, a gauge of manufacturing drawn from satellite imagery slumped, and conditions in the steel business remained lackluster. There’s some good news though: sales-manager sentiment stayed positive, and outlook of financial experts recovered.