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.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.
Chu's point is that it's happening harder and faster than anyone thought it would.
Maundy, Maundy
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FEEDAllow me to present a very plain contrast. Please observe the weekly
chart of the SPY below, from not so long ago. Notice how a bunch of the
bars are g...
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