The macroeconomic early-warning index of China from the first quarter to the third quarter was 113.2, still at the desired level and within the steady "green light zone." However, it dropped 1.7 points compared with the first half of the year, according to data released by the National Bureau of Statistics on October 30.
The leading index that reflects the future economic variation trend was at 101.6, slightly down by 0.7%.
The macroeconomic early-warning index has 10 indicators, including the industrial production index, investment in fixed assets, total imports and exports, fiscal revenue, industrial enterprise profits, total lending by financial institutions, M2 money supply, consumer price index, total retail sales of consumer goods and level of urban disposable income per capita, with 100 being the ideal level on the early warning index. Statistics showed that in the first three quarters, China's economy has a 9.9% year-on-year increase and was operating smoothly.
By People's Daily Online