China’s LEI fell 0.2 per cent in February to 145.1, extending its downward trend, with a 1.3 per cent decline over six months, driven by weak consumer confidence and export orders.
Meanwhile, the CEI rose 0.2 per cent, signalling modest current activity.
Despite a recession warning signal, policy support is expected to stabilise growth, with GDP forecast at 4.5 per cent in 2026.