China official leading indicator rose in August1 October, 2012, 9:41. Posted by Zarathustra
China National Bureau of Statistics’ own leading indicator improved from the post-crisis low in July.
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Leading index rose from the post-crisis low of 98.75 in July to 99.63 in August, suggesting a possible improvements of economic activities in the months ahead. For the time being, however, while we believe that a slight improvement in economic activities is possible (thanks to QE-Infinity and OMT), we do not believe that any improvements can be turned into a sustained recovery.