The 18-month plunge from hell.
But is the bounce to be trusted?
“Saturation” is the new Economic Reality. But this is Worse.
“We could see relatively strong downward pressure” – Chinese government.
In a “downward spiral.”
Worried about popular upheaval?
The fiasco is part of a very hard landing for manufacturing.
“Calling into disrepute the reliability of China’s official data.”
An ugly reflection of reality.
When the People’s Bank of China spoke of “big downward pressure,” it wasn’t kidding.