“Peak China”: Chinese Data Misses Across The Board As Housing Bubble Returns

Jon Economy

Following months of warnings that China’s economy is slowing down as a result of not only a collapse in China’s credit impulse but also tighter monetary conditions, as well as rolling over loan growth which has pressured both CPI and PPI – i.e., the global “reflation trade” – as the following chart from Bloomberg’s David Ingels shows…
***
… and culminating over the weekend with a warning in no uncertain terms from Citi, which said that at least four key economic indicators are “starting to wave red flags” among which:
The Markit PMI is starting to turn over China’s Inflation Surprise Index – a leading indicator to global inflation metric – has posted a recent sharp drop China’s import trade has likewise tumbled after surging recently Chinese Iron Ore imports into Qingado port have plunged

This post was published at Zero Hedge on May 14, 2017.