China’s economy didn’t bounce back in the second quarter, China Beige Book survey finds
- Chinese businesses ranging from services to manufacturing reported a slowdown in the second quarter from the first, reflecting the prolonged impact of Covid controls.
- That’s according to the U.S.-based China Beige Book, which claims to have conducted more than 4,300 interviews in China in late April and the month ended June 15.
- The analysis found few signs that government stimulus was having much of an effect yet.
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