Conference Board Leading Economic Index for China increased 1.4% in November

• Conference Board Leading Economic Index for China increased 1.4 percent in November (+0.7% increase in October and a 1.0 % increase in September)

Says Andrew Polk, resident economist at The Conference Board China Center in Beijing: “Growth in the China LEI accelerated in November, driven entirely by real estate and new lending. Despite the uptick, the economy does not appear to be gaining any underlying momentum, as manufacturing, exports and consumer expectations all continue to struggle. Furthermore, both real estate and credit markets are likely to be hit by tighter policy in the coming months, thus the outlook for the Chinese economy remains skewed toward slower growth.

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That’s a troubling assessment from the Conference Board economist