In the view of Fielding Chen at Bloomberg Economics, who aggregates the earliest available indicators on the Chinese business conditions and market sentiment, China’s economic growth is likely to slow its pace of expansion this month.
The slowdown highlights the reasons behind policymakers’ decision to add stimulus in the face of escalating trade tensions.
“Domestic businesses were dented by tightening financing conditions, while trade conflict hits exports and hurts market sentiment,” Chen noted.
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