Sep
27
China Financial Gauge Improves, Offering a Signal for Growth
By-
China Monetary Conditions Index has presaged growth upturns
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This time, downward pressures on growth are more severe
China’s 10-month campaign to relax monetary policy is showing signs of an impact as financial conditions ease, a shift that could help stabilize the nation’s growth rate.
Bloomberg’s China Monetary Conditions Index, a gauge that includes inflation-adjusted interest rates and the exchange rate, improved for a second month in August — the first back-to-back gain since 2013. Episodes of improvement in the past have tended to presage either an acceleration or a stabilization in economic growth…
China Financial Gauge Improves, Offering a Signal for Growth
