Via an increasingly hysterical Ambrose Evans-Pritchard today:
If Donald Trump and his close advisers think China’s economy is tottering on the brink and acutely vulnerable to pressure, they are sorely misinformed.
…Construction is picking up after a slowdown earlier this year. Industrial profit margins are at a seven-year high of 7 per cent, despite a spate of high-profile defaults – which merely means that China is willing to let them default.
