China’s Leading Economic Index (LEI) fell 0.5 per cent in August 2025, its eighth straight monthly decline, reflecting weak consumer confidence, subdued trade, and industrial softness despite modest support from loans.
The Coincident Index (CEI) rose 0.5 per cent, growing 3.8 per cent over six months.
TCB warned of recession signals, with GDP growth in 2025 forecast between 4.5 and 5 per cent.