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Conference Board Leading Economic Index for China increased only slightly in January

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Conference Board Leading Economic Index for China increased only slightly in January

Not the news analysts wanted to hear

The Conference Board Leading Economic Index for China increased 0.9% in January, following a 1.1% increase in December and a 0.8% increase in November. Three of the six components contributed positively to the index in January.

Andrew Polk, resident economist at The Conference Board China Center in Beijing, commented on the report, saying "The six-month growth in the leading index for China continued to decelerate in January, mainly due to subdued export growth and manufacturing performance. The softening in the short-term trend of the LEI, along with other high-frequency statistics, suggests that China's growth in 2015 is off to a weak start."

"The softening in the short-term trend of the LEI, along with other high-frequency statistics, suggests that China's growth in 2015 is off to a weak start."

The Conference Board Coincident Economic Index for China, which measures current economic activity, increased 0.6% in January, following a 1.1% increase in December and a 0.1% increase in November. All five components contributed positively to the index in January.

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