Abstract
The key findings about China’s industrial economy in 2017 Q3 are as follows: 1. Although the Business Sentiment Index in the third quarter indicated a slight contraction, the industrial economy has shown signs of recovery. 2. Costs continued to rise significantly. 3. Overcapacity is still at a high level in terms of both its prevalence and magnitude. 4. Firms’ concerns about environmental issues have intensified significantly. Overall, supply-side reform has made positive progress in solving the structural problems of China’s industrial economy. On the other hand, due to the persistent severity of overcapacity, there is still a need to reduce production capacity. In addition, persistent rises in raw material costs and the resulting price inflation may hinder the recovery of the industrial economy.
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