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Early China Indicators Signal That Economy Cooled This Month

  • Financial experts, sales managers, steel sector less upbeat
  • Smaller firms see robust current sales, easing outlook
General Economy And Views Of Tiananmen Gate Ahead Of China's National People's Congress

Photographer: Qilai Shen/Bloomberg

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Confidence among China’s sales managers and steel producers waned in November, matching the mood among international investors, while sentiment among small businesses improved, according to the earliest available indicators.

As the country’s leaders underline a shift to more sustainable economic growth rates, and push through reforms to cut pollution and curb financial risk, the world’s second-largest economy is on a long-term slowdown, even though output in 2017 has exceeded expectations. Economists see gross domestic product expanding 6.8 percent this year before decelerating to 6.4 percent in 2018.