Shanghai Sputtering

chinese flagChina’s economy continues to slowly weaken. Y-o-Y inflation is just 1.3% and declining, producer prices fell 5.9% and have been falling for 44 consecutive months. Imports fell 18.8% primarily due to slowing demand from for raw materials from heavy industry, and exports dropped 6.9%. While the Party will do its best to boost growth and avoid a “hard landing” China poses the biggest single downside risk to global growth.

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