China National Bureau of Statistics’ leading indicator improved from the post-crisis low in July (read more about China official leading indicator).
The 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 toQE-Infinity and OMT), we do not believe that any improvements can be turned into a sustained recovery:
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