China index: Sober lending, spending slows growth
By Katrina Hamlin
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
Our alternative index shows China’s growth prospects at a four-month low. Lack-luster exports played a part. But the dip also reflected a healthy slow-down in new loans, sales of property and Audis, as well as a sharp fall in luxury liquor stocks.