Data released after hours on Wednesday shows that the slowdown
in China continues, as shown on the graph below.
As I mentioned in my post of August 15th, China's Shanghai Index is struggling
to stabilize at three-year lows. Without a sizeable pickup in demand for its
products, any temporary stimulus measures that its Central Bank may employ may
not have much effect. This is a major player in the global economic slowdown
that is currently unfolding, and is one to watch over the coming weeks.