Another Data Point Shows Industrial Slowdown

BI: The most important China chart of 2015

This slowdown in the secondary industry is part of China's intentional shift toward an economy focused on services and consumer consumption rather than manufacturing.

Chu's point is that it's happening harder and faster than anyone thought it would.

In 2016, we will see if this is rebalacing or a business cycle recession. If the latter, then the Chinese Recession Is Ready to Move Into Services.