China’s service sector strengthened in the third quarter but the manufacturing sector continued to remain weak, the China Beige Book survey published by CBB International revealed Monday.
“Perceptions of China may be more thoroughly divorced from facts on the ground than at any time in our nearly five years of surveying the economy,” CBB President Leland Miller said.
But manufacturing is no longer the bellwether of the economy, the survey showed.
Capital expenditure strengthened in the third quarter, the survey results based on responses from more than 2,100 firms showed today. Meanwhile, property market still remained weak.
The material has been provided by InstaForex Company – www.instaforex.com