Economics
China’s Recovery Shows Mixed Signals as Global Outlook Dims
- Small business sentiment eased, while car sales climbed
- Aggregate index of early indicators was unchanged in October
Home sales, which remained fairly resilient despite the economic downturn this year, started to cool as policy makers tightened their grip on financing to developers.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China’s economic recovery displayed mixed signals while remaining broadly steady in October, with small businesses turning more cautious and the property market weakening even as car sales soar.
The aggregate index combining eight early indicators tracked by Bloomberg was unchanged from the previous month.