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LATEST INSIGHTS
China’s Economy More Active Than Official Data Suggest
But trouble is lurking around the corner.
@ChinaBeigeBook
"The problem: In a country where the state’s influence is felt everywhere, there is little consensus on what, exactly, defines a 'private' co."
Anyone who has done extensive data work in #China knows how difficult a methodological problem this is.
https://t.co/rAQhgKl5Od
"Sales volume of washer dryer combos, water purifiers, A/C units & smart toilet seat covers doubled & even tripled compared w/the same pd last yr"
You know you're grasping for straws when your macro summary emphasizes a jump in toilet seat purchases
https://t.co/rYwClKit8Q
"To support growth, #PBOC raised rates only slightly in response to #Fed hikes. This caused the differential bt US & #China rates to narrow rapidly, to the pt it no longer offsets the cost of paying back external $ debt in ever-more-expensive USD"
https://t.co/NvhqBu3AMH
About Cbb
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China Beige Book provides institutional investors and corporate decision-makers with market leading insights derived directly from our nationwide proprietary data on the Chinese economy.
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