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LATEST INSIGHTS


China Beige Book Says Economy Is Better Than Official Data Show

The picture of China’s economy slowing in the second quarter is misleading, or even inaccurate, with retail sales and investment actually stronger than the official data show.

@ChinaBeigeBook

"The idea that #Chinese firms are engaging in mass industrial espionage w/o the blessing of the govt is not the slightest bit believable," says CBB's Scissors, who has advised the White House on the issue. "#Beijing monitors everything."

@BBC

https://t.co/8F7x0a53NU

YES. CBB in May:

"A central feature of #China’s 2yrs of stability has been the cnt'd suppression of credit costs, which are running *clearly counter to the global direction*...PBOC can keep rates low, but consequences likely for both the Yuan & outflows"

https://t.co/zVmtD1cK4d

"Small firms have long suffered from less bank access & ↑ borrowing costs than large SOEs bc they're seen as high risk & have limited collateral"

YES. Borrowing in Q2 rose overall, but divergence bt large & small firm credit access jumps out of our data

https://t.co/YmuCr4TST3

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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.