China index: Weaker growth on weaker foundations
By Katrina Hamlin
(The author is a Reuters Breakingviews columnist. The opinions expressed are her own)
China’s economy remains gloomier than this time last year as lower export growth and rail freight volumes make a grim follow-up to poor PMI readings. Sales of property, luxury liquor and posh cars prevent a steeper fall, but these are not the bright spots China needs or wants.