Results of the China Beige Book survey for Q1 were released on Sunday
Findings:
- Revenues steadied
- Profits picked up
- New employment at private companies fell to a four-year low
- Capital expenditure is decelerating
More:
- Hiring picked up at state-owned companies but slowed significantly at private companies
- Most companies expect further hiring weakness ahead
- Capex hit a new low in Q1 (Growth in capital spending has seen a 40% cumulative decline over the past two years)
More at Wall Street Journal
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- The China Beige Book quarterly repor is adapted from methodology used by the U.S. Federal Reserve
- Includes survey data from over 2,000 Chinese firms & interviews across each of China's regions and sectors & also a separate survey of the country's formal and shadow credit environments
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.