Business Standard

Early China indicators signal that economy cooled this month


Confidence among China’s sales managers and steel producers waned in November, matching the mood among internatio­nal investors, while sentiment among small businesses improved, according to the earliest available indicators. As the country’s leaders underline a shift to more sustainabl­e economic growth rates, and push through reforms to cut pollution and curb financial risk, the world’s second-largest economy is on a long-term slowdown, even though output in 2017 has exceeded expectatio­ns. Economists see gross domestic product expanding 6.8 per cent this year before decelerati­ng to 6.4 per cent in 2018.

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