Hello t4texas, I do see signs of China slowdown. These are mostly inklings of folks trimming back on expectations, and reflections of same inklings in the rate of increase of RMB financial assets, as opposed to anything visible in 3D-space of factory workload and restaurant seating.
This current and just started slowdown in China is a dictate from the governing authorities, and as such, provides an opportunity to ‘buy the dips’, because as with all governing authorities, none will willingly manage the economy into a full-blown recession. For China, 5% is a recession.
I believe the Chinese government wants to control financial speculation, and do not want to stifle factory outputs. They will try to be delicate. They may not succeed totally. They can as easily muck up as any other governing authorities.
I read Andy Xie, have listened to his speeches every-so-often, and believe he is sharp, deliberate, and worth considering.
Chugs, Jay |
