China's Leading Indicators Continue To Improve

With the recent improvement in China’s PMI and now leading indicators, the worries over the Chinese economy might be a bit exacerbated (via Nomura): ·     Our China leading index picked up further in October, with five of the nine components improving (Bloomberg ticker: NMEICLI).      On a 3-month moving average basis, 58% of the indicators in our heatmap, which tracks 31 indicators, were positive in October, up from a revised 49% in September. ·  Â...