China Beige Book shows rebound in Q2

Some highlights from the latest 'China Beige Book' analysis on China's economy

• Economy bounced in Q2 from the slowdown in the previous two quarters (Q4 of 2015 and Q1 of 2016 were the weakest in the history of the beige Book report)
• Services and construction the bigger drivers of the bounce
• Services revenue, hiring, capex, profits all improved from Q1, as did property 
• All weaker were output, new domestic orders, receivables, payables

• a potentially serious downside risk to the Chinese economy
• The vote itself has little impact on China
• But global responses could pressure export-sensitive sectors and financial decision-makers

The China Beige Book uses methodology adapted from that used by the U.S. Federal Reserve's "Beige Book". It's a privately produced report.