China's recovery wobbles as drought, global slowdown add to risks

China’s economy continued to recover in August but warning signs are flashing across a number of fronts as drought and weaker global demand add new risks to growth prospects.

That’s the outlook based on Bloomberg’s aggregate index of eight early indicators for this month. The overall gauge was at 5, unchanged from July, signaling momentum has steadied.

Strong overseas demand for Chinese goods, which has helped to offset some of the damage from Covid lockdowns on domestic spending, weakened sharply in August. South Korean exports, a leading indicator for global trade, barely grew in the first 20