2014.10.2323:15:00UTC+00China Leading Economic Index Jumps 0.9% In September

A leading index for China's economy climbed 0.9 percent in September, the latest survey from the Conference Board revealed on Friday - following the 0.7 percent gain in August and the 1.3 percent jump in July.

The coincident index advanced 0.5 percent in September following the flat reading in August and the 1.1 percent spike in July.

"The six-month growth rate of the leading economic index has eased steadily throughout the third quarter, indicating increased downside risks to economic growth in the months ahead," said Andrew Polk, resident economist at The Conference Board China Center in Beijing.

"While activity in the property sector stabilized a bit, sharp weakening in demand for both bank credit and real estate point to sluggish private investment in the last quarter of 2014. Recent developments, therefore, confirm our long-term view of a soft fall of the economy as we reported earlier this week."