The quarterly private-sector survey, which resembles the U.S. Federal Reserve's Beige Book, found that China's pickup in the second
quarter was largely driven by a resurgence in the retail and real estate sectors.
"The second quarter of 2015 was plainly better than the first," the CBB said. "Overall, firms continue to do better than official data—and its legions of sell-side users—might suggest. Cash flow remains stable, volumes are increasing, and margins saw a minor uptick. Capex and borrowing both stabilized this quarter, while the jobs market continues to show resiliency," the report added.
