China Beige Book survey:
- Economy stabilized in Q4
- China sales, profits, employment all stronger in 2h
- Strong stimulus could see ‘out-of-control' share gains
- China deflation concerns now justified
- China credit access stunted, just 19% of firms borrowed
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Its called Beige Book because Red Book was already taken*
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*Note – this is untrue
The China Beige Book is a privately conducted survey adapted from methodology used by the U.S. Federal Reserve's “Beige Book”. It sources a lot of its own data which includes “survey data from over 2,000 Chinese firms each quarter, in-depth interviews across each of its regions and sectors, and a separate banker survey”.
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