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Leading Economic Index for China increased in November

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Leading Economic Index for China increased in November

However, growth continues to moderate.

The Conference Board Leading Economic Index for China increased 0.9% in November, following a 0.8% increase in October and a 1.0% increase in September. Three of the six components contributed positively to the index in November.

"Despite the increase in November, with bank loans as the primary driving force, the six-month growth in the China Leading Economic Index continues to moderate," said Jing Sima, senior economist at The Conference Board.

"It is highly doubtful that the central bank's recent policy easing will prevent China's economy from losing further momentum in the coming months."

"Real estate activity continues to deteriorate, and manufacturing and industrial output both showed significant weaknesses in November as well. It is highly doubtful that the central bank's recent policy easing will prevent China's economy from losing further momentum in the coming months."

The Conference Board Coincident Economic Index for China, which measures current economic activity, increased 0.1% in November, following a 0.1% increase in October and a 0.4% increase in September. Three of the five components contributed positively to the index in November.

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