China's economic rebound from the coronavirus crash showed signs of losing steam in early September due to worsening business confidence, a weaker stock market, according to Bloomberg.
An index comprising eight indicators tracked by Bloomberg has slipped into contraction this month, compared to accelerated expansion in August.
New home sales slowed in the first three weeks of September reversing August's rise.
Small-business confidence eased marginally after rising for six straight months.
State-owned enterprises' (SME) new orders slowed in September, and the pace of expansion of banks' credit to SMEs also eased.
The picture would become clearer with the release of the September NBS and Caixin Manufacturing PMI indices later this week.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.