User: LZ: China: 201710fainv.png


Chinese fixed asset investment, the private FAI breakdown, and real estate investment all show significant slowdown in October. Fixed asset investment is STARTING this cyclical downturn BELOW the prior cycle low. Some categories of private FAI are close to their prior cycle lows.  

Chinese economic growth is pretty much funny money funding FAI, driving demand for commodities and eventually boosting global economic growth. 

2018 will be a good one for the bears in many many markets.


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