China’s poorer regions fare better in downturn: China Beige Book

Businesses in China’s poorer provinces are weathering the effects of economic downturn better than those in the country’s wealthier regions, the preliminary findings of a nationwide survey of senior executives revealed on Monday.

The China Beige Book survey of more than 2,000 executives detected a broad downturn in business optimism, particularly among manufacturers, though there was relative strength in the retail and services sectors and a more pronounced growth picture in less prosperous, but rapidly developing inland provinces.

via Business feed http://www.scmp.com/business/economy/article/1045991/china%E2%80%99s-poorer-regions-fare-better-downturn-china-beige-book