China’s slowing economy could soon become a major talking point for U.S. companies as they begin to report third-quarter earnings.
WSJ’s Dion Rabouin explains.
Illustration: Elizabeth Smelov<br>SINGAPORE—A brief rebound in China’s struggling economy showed worrying new signs of flickering out, heaping pressure on Beijing to take bolder steps to rev up growth.
Factory activity slid deeper into contraction in November as domestic and foreign orders dried up, while, in an ominous sign for consumer spending, activity in the services sector shrank for the first time this year, according to business surveys released Thursday.
Only construction registered any expansion compared with the previous month as government spending on infrastructure increased.
Persons:
WSJ’s Dion Rabouin, Elizabeth Smelov
Organizations:
SINGAPORE
Locations:
Beijing