Economics
China Recovery Wobbles as Drought, Global Slowdown Add to Risks
Exposed banks, due to low water levels caused by drought, along the Han River near the confluence with the Yangtze River in Wuhan, on Aug. 22.
Source: Bloomberg
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China’s economy continued to recover in August but warning signs are flashing across a number of fronts as drought and weaker global demand add new risks to growth prospects.
That’s the outlook based on Bloomberg’s aggregate index of eight early indicators for this month. The overall gauge was at 5, unchanged from July, signaling momentum has steadied.