BEIJING (Dec 28): China’s economy slowed for a seventh straight month in December, as the trade war, subdued domestic demand and decelerating factory inflation combined to undercut growth.

That’s the signal from a Bloomberg Economics gauge aggregating the earliest-available indicators on business conditions and market sentiment. The data suggest the government’s stimulus approach and the trade war truce with the US have yet to have much effect on the nation’s growth trajectory.

The data signals that activity is continuing to slow in China, with uncertainties in global trade and sluggish confidence still the major constraints, said David Qu, economist at Bloomberg Economics. "Recent fluctuation in the commodity market may further undermine manufacturing sector profitability," and we will be looking closely at what the government does to stabilize the economy in early 2019, he said.

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