Weak demand puts recovery under pressure

Sales slowing: A woman and child stop by a canal in front of apartment buildings in Qidong, Jiangsu province. Home sales slowed further in the nation’s top tier cities in September. — Bloomberg

BEIJING: China’s economic momentum remained stable in September but domestic spending is weakening amid stringent virus control measures and tightening curbs on the property market.

That’s the outlook from Bloomberg’s aggregate index of eight early indicators, which stayed unchanged in September for a fifth month.