China’s Economic Recovery Faces Risks From Global Trade Slump
- Exports, car sales fall while demand for homes recovers
- Real estate, financial and IT business confidence up sharply
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China’s economic recovery was mixed in March with business confidence and the housing market improving but the global outlook darkening amid heightened financial market turmoil.
Bloomberg’s latest aggregate index of eight early indicators showed growth momentum steadied from February, with the overall gauge remaining at 4. Falling car sales and weak global demand were the main drags on the index.