Description
The China Li Keqiang Index (Kuznets Index) is released by the National Bureau of Statistics (NBS). This index measures the activity and health of the Chinese economy by combining three key indicators: rail freight volume, electricity consumption, and bank loan disbursement. It is often used to gauge the performance of the real economy, particularly during periods of rapid economic change or uncertainty. A higher Li Keqiang Index indicates stronger economic activity, while a lower index suggests weaker economic performance.
The Li Keqiang Index is calculated by aggregating and weighting three main components: rail freight volume, electricity consumption, and bank loan disbursement. These components were chosen because they are considered reliable indicators of economic activity and industrial output.
The Li Keqiang Index is updated monthly and is typically released within the first week of the following month.