Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Risk Rising of Deeper China Slowdown, Conference Board Says

Don't Miss Out —
Follow us on:
Risk Rising of Deeper China Slowdown, Conference Board Says
China pledged last week to fine-tune policies as needed and seek stable and “relatively fast” growth. Photographer: Forbes Conrad/Bloomberg

Dec. 14 (Bloomberg) -- A Chinese leading indicator fell, fueling concern that the world’s second-biggest economy faces a deeper slowdown as Europe’s debt crisis hits exports and home sales slide.

The index declined 0.1 percent to 160.1 in October, The Conference Board said in a statement today, citing a preliminary reading. The gauge captures prospects for the next six months, the New York-based research organization says. In September, it rose 0.4 percent.

China’s top officials have been meeting in Beijing this week to map out economic priorities for next year. The Politburo pledged last week to fine-tune policies as needed and seek stable and “relatively fast” growth. The central bank has already cut banks’ reserve ratios for the first time since 2008 to spur lending as growth in industrial output weakens.

“The risk of a more substantive slowdown in China’s economic growth than anticipated so far is rising,” Andrew Polk, an economist at The Conference Board, said in the statement. “Targeted loosening of credit markets” should give some help to companies “but the pass through from previous policy tightening measures will continue to act as a brake on the economy,” he said.

China’s expansion slowed to 9.1 percent in the third quarter, the least in two years, after the government raised interest rates, tightened credit and expanded property-market curbs. Housing transactions declined in 27 out of 35 cities during the week of Dec. 5-11, according to Soufun Holdings Ltd., the operator of the nation’s biggest real-estate website.

The leading index’s components include loans, raw-material supplies, export orders, consumer expectations, and floor space started, from data released by the central bank and the statistics bureau. First published in May 2010, the gauge has successfully signaled turning points in China’s economic cycle if plotted back to 1986, The Conference Board says.

To contact Bloomberg News staff for this story: Li Yanping in Beijing at

To contact the editor responsible for this story: Paul Panckhurst at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.