Economics
China's Economy Looks Like It's Remaining Stable
- Satellite manufacturing index climbs to highest in five years
- Small businesses confront property cooling, overcapacity cuts
China November Early Indicators Show Stability
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China’s economy remains steady this month even amid efforts to cool property markets, according to some of the earliest private economic indicators.
A manufacturing gauge based on satellite imagery jumped to a five-year high, large companies are more confident, and steel manufacturers are booking more orders after a holiday blip in October. Meanwhile, small and medium-sized firms are less optimistic about the future because of real estate curbs and cuts to trim excess capacity.