More from Japanese weekend press – Japan’s Cabinet Office said Saturday that, based on the “Li Keqiang index”, China’s economy has been slowing since last November.
The “Li Keqiang index”, says the report, is based on three economic indicators:
- the amount of electricity consumption,
- the volume of railway transportation
- and the balance of new medium- and long-term loans
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- Chinese Premier Li Keqiang is said to have once used the trio of indicators to gain a clearer picture of the Chinese economy
- Placing more emphasis on them than on gross domestic product data and other data
- The Cabinet Office said the index declined for the five months through March (latest for which figures are available)
- Peaked last October
- The index for March is 5.1, down 1.1 points from the previous month
