China business activity recovering thanks to 'credit-soaked' quarter: Beige Book

SINGAPORE - China’s economy showed “unmistakable” signs of recovery in the first quarter, with company profits, investment and hiring improving, but policymakers may be relying too much on extraordinary levels of credit, a private survey showed on Wednesday.

CBB’s findings were in contrast to mostly downbeat official data for January and February and other business surveys which suggest recent stimulus measures are only slowly kicking in. Most analysts have also warned of a rocky first quarter, and do not expect China’s economic downturn to bottom out until mid-year.

“Credit is surprisingly expensive... Credit costs need to be further stabilized or the current rally will falter,” CBB said in a statement, saying shadow lenders were charging sky-high rates.

Translation: thanks to more fuel in his HUGE DEBT BUBBLE.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

United States warns China meddling in Hong Kong hurting business confidenceThe United States warned in a report on Friday that increased meddling from Chin... That’s hypocritical! America thinks it has the right to meddle globally as they please to further its America 1st $ greed foreign policy. America must stay out other countries business. “Warning” 😂 What’s america going to do? America is not the ruler of the world- but seems to think so with its interfering all over globe. American arms sales must be boycotted. The country has a global destabilizing effect. I’m confused - Hong Kong has been part of China for several years now....
Fonte: Reuters - 🏆 2. / 97 Leggi di più »

Shadow margin loans make a sly return as China stocks sizzleOn a cloudy March morning in Shanghai's glitzy financial district of Lujiaz...
Fonte: Reuters - 🏆 2. / 97 Leggi di più »