Continued Big Macro Trouble in Little China

The macro stays poor

Are we ever going to see a real turn-around in the China economy? The best thing we can say about China is that it is at least not going from "bad to worse", but the problem is that most indicators seem to stay stuck in weak territory. Light positioning and cheap valuation will of course trigger short-term tactical trading opportunities but they need to be with very tight stops. Here are (again) a series of negative China macro charts.