China's leading indicator of economic activity increased 1.1 percent on month in May to 235.1, the Conference Board said Tuesday.
This followed a 0.9 percent increase in April and a 0.8 percent increase in March. The uptick was driven by the rebound in bank loans and real estate activity, said Andrew Polk, Conference Board's resident economist in Beijing.
The coincident economic index, which measures current economic activity, increased 0.8 percent to 219.2. This followed a 0.6 percent decline in April and a 0.6 percent increase in March.
by RTT Staff Writer
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