The People's Bank of China is under pressure to lower interest rates and reserve rate ratios for banks as growth sputters in the world's second-largest economy.
China's small economic rebound appears to have stalled in September, with retail sales and pricing power as well as manufacturing production and loan growth weaker than the print for the month before, according to the monthly China Beige Book survey released Friday.
Economists still currently expect September data to remain relatively soft, with most data pointing to a further stabilization in the slowdown.
Food saw the biggest pullback alongside luxuries," the China Beige Book survey administrators said in a statement Friday.
China Beige Book's administrators said its September findings were based on a survey of 1,330 firms, evenly split between private and state-owned enterprises, but featuring slightly more large firms than small and medium-sized enterprises.
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