China Down

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From CNN Money we read that China now has a larger middle class than the USA.  Their economy is the second largest in the world and is an ever increasing relevant input to trading decisions.  So, it’s not a surprise that China has been making a lot of headlines recently.  Its market has been all over the place with irrational evaluations of stocks and detrimental economic news.  Further, PBOCs market manipulations driving a support in their markets.  With the ever decrease in strength of China’s economy the world markets will be shaken.

Per Seeking Alpha:

  • World shares extended losses today after consumer inflation in China eased more than expected, adding to list of concerns surrounding the world’s second-largest economy.
  • The country’s consumer price index climbed 1.6% in September from a year earlier, against forecasts of a 1.8% rise and following August’s 2% gain.
  • Meanwhile, China’s producer price index fell 5.9%, clocking its 43rd straight month of decline and recording its biggest drop since the depths of the global financial crisis.


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