A piece from Bloomberg on their China Monetary Conditions Index
It gained for the second month in August, which might not sound impressive, but nevertheless it's the first back-to-back improvement since 2013
Says Bloomberg:
Episodes of improvement in the past have tended to presage either an acceleration or a stabilization in economic growth.
I think I'd settle for stabilization ... don't want to push my luck.
More:
"As monetary policy has been loosened, there has already been a sizable turnaround in credit growth that should feed into stronger economic growth over the months ahead," said Mark Williams, chief Asia economist for Capital Economics Ltd. in London.
The HSBC China Monetary Conditions Indicator also rose to a six-month high in August, after stalling in July.
The Bloomberg and HSBC gauges are designed to give a sense of how monetary conditions evolve over time, with higher values indicating looser monetary conditions and lower values signaling tightening.
There has been some stabilization in some commodities in the past month or so. Iron Ore, for example, has had a bounce. End of the down trend or not, at least it stopped its mad plummet in July:
