> then that is a real indicator of the economy truly slowing regardless what the government states A bunch of prominent economic figures out of China in the la

> then that is a real indicator of the economy truly slowing regardless what the government states A bunch of prominent economic figures out of China in the last month or two have pointed to a near-recession there. They're outright lying about 6.5% growth (if it's more than 1/4 that I'd be surprised), their economy is getting close to contracting. Their manufacturing sector is about to tip into recession [1] (guaranteed with the worst of the tariff hit just starting now) and their consumption tax numbers [2] have imploded at a historic rate. The iPhone sales drop in China aligns with the drop in the consumption figures there. Their credit impulse is deeply negative, which is a particularly bad thing to have happening with all the other negative numbers. Their new export orders PMI is in deep contraction.[3] They've got a lot of banks that need recapitalized soon with a central government intent on constraining the growth of further debt. In the cities you're seeing a painful wave of deflationary pressure hitting their housing market, with their world-leading vacancy rates on housing units (epic overbuilding) only making it worse. [1] https://www.cnbc.com/2019/01/02/china-reports-december-caixin-manufacturing-purchasing-managers-index.html https://www.cnbc.com/2019/01/02/china-reports-december-caixi... [2] https://www.bloomberg.com/opinion/articles/2018-12-31/china-s-economic-slowdown-is-worsening-stop-dithering-beijing https://www.bloomberg.com/opinion/articles/2018-12-31/china-... [3] https://www.bloomberg.com/news/articles/2018-12-31/china-slowdown-continues-with-factory-gauge-down-to-2016-level https://www.bloomberg.com/news/articles/2018-12-31/china-slo...