China’s Growth Shows Signs of Stability
The United States and China have faced growing economic pressure to reach a trade deal. However, the stress may be fading for one party.
As shown in LPL Research’s Chart of the Day, China’s economy is exhibiting signs of stabilizing growth, according to composite leading indicators (CLI) data from the Organisation for Economic Co-operation and Development (OECD). The OECD’s assessment of the Chinese economy improved for a sixth straight month in August, while the OECD’s U.S. gauge continued to slip.
To be sure, the OECD’s leading indicators gauge shows that both the United... Read more