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China's slowdown deepens in August on declining exports, tensions with US

With trade tensions worsening and the currency weakening past 7 to the dollar, policy-makers have stepped up targeted measures to support the economy

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Economists currently expect the manufacturing gauge to continue to slow after weak industrial output growth in July

Bloomberg
China’s economy slowed further in August as weak domestic conditions, intensifying tensions with the US and worsening global trade all combined to undermine the outlook.

That can be seen in a Bloomberg Economics gauge aggregating the earliest available indicators from financial markets and businesses. Sentiment among sales managers and the mainland stock market fell, while a leading indicator of China’s exports continued to decline. However, small business confidence improved for the first time in five months, a sign that earlier pro-growth measures may be taking effect.

With trade tensions worsening and the currency weakening past 7 to the dollar, policy-makers have stepped

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First Published: Aug 29 2019 | 7:57 AM IST

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