Macro Nugget: China is booming!
The Li Keqiang Index posted its biggest monthly increase since 2005 in February, and multiple indicators are now blinking green for Chinese momentum.
![Nuggets](https://stenoresearch.com/wp-content/uploads/2023/08/Nuggets.png)
First our nowcast indicator for China blinked green, then we saw increased commodity buying on the back of the 5% GDP Target announcement, and now the Li Keqiang Index has posted it’s biggest monthly increase since 2005!
Looks like the cyclical rotation is on for good
Chart 1: Li Keqianq is signaling further momentum in China
2 Comments
Right, I’ve also noticed the Index’s soaring status. However, there might be a problem when I separately assess its components, i.e. industrial eletricity consumption, medium & long-term loans and railway freights. None of the 3 components show indication of breakthrough.
I am still wondering…
Hi,
Thanks for flagging! I also saw some people on Twitter commenting on this matter, so I will look into it soon.
/Oskar