AI Data Insight
China's latest August Keqiang Index dropped to 3.73%, sliding further from the previous 4.115% and marking a four-month consecutive decline, reflecting slowing momentum in the real economy such as power generation, railway freight, and bank loans. Facing pressures from sluggish domestic demand and weak credit, the People's Bank of China (PBOC) has launched a new round of easing policies including interest rate cuts, which are expected to repair credit indicators and provide downside support for the economy.