December Early Indicators Show China Slowed for a Seventh Month
Trade war truce fails to stop deceleration seen in index
Manufacturers’ profits declined in November, squeezing firms
China’s economy slowed for a seventh straight month in December, as the trade war, subdued domestic demand and decelerating factory inflation combined to undercut growth.
That’s the signal from a Bloomberg Economics gauge aggregating the earliest-available indicators on business conditions and market sentiment. The data suggest the government’s stimulus approach and the trade war truce with the U.S. have yet to have much effect on the nation’s growth trajectory.