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| Tweet Topic Started: 8 May 2018, 09:57 AM (16 Views) | |
| xiaxue123 | 8 May 2018, 09:57 AM Post #1 |
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Enditem PROFIT margins at Chinese firms improved in the third quarter while loan demand remained weak, a private survey showed Sunday, with the overall results suggesting the stock market crash would have minimal impact on the broader economy. The quarterly survey of over 2 Wholesale Virgil Green Jersey ,100 businesses by China Beige Book International (CBB) showed continued robust growth in the service sector but persistent weakness in manufacturing. Still, while revenue growth slowed quarter on quarter, and only 38 percent of firms surveyed planned to hire more staff in the fourth quarter — down 4 percent on the year — the authors emphasized the relative resilience of the corporate sector heading into year-end. “Q3-15 was hardly a game changer...the broader collapse assumed by disciples of the PMI has strikingly little basis,” report authors Leland Miller and Craig Charney wrote, noting that firms also reported falling real interest rates. “In fact, there is very little to distinguish Q3’s revenue performance from many previous quarters, calling into question August’s global market sell-off that most attributed to China’s sudden ‘fragility’,” they said. 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8:51 AM Jul 11