Economics
China’s Rebound Lost Momentum in September, Early Data Show
- Factors include sluggish home sales, weaker stock market
- Pace of expansion moderated for small businesses in September
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China’s economic rebound showed signs of plateauing in September, weighed down by lackluster home and car sales, a weaker stock market and worsening business confidence.
That’s the assessment from the earliest available indicators, which showed China’s recovery is losing pace. The aggregate index combining eight indicators tracked by Bloomberg this month slipped into contraction, compared to accelerated expansion in August.