Just read through the summary commentaries on China from folks the article called “the world’s most prominent China watchers”. Much of the commentary jibes with ours; that China has major structural issues and that, as I suggested in today’s (client-only) video, there’s very likely some market-friendly stimulus on its way — that’ll likely do little for the real economy. I.e., the late-cycle stuff we’re seeing virtually everywhere.
Here’s from the commentary of economist Diana Choyleva:
“Our read is that the market has pushed their earlier China
worries to the back of their mind. But those will resurface
during 2020 as Beijing goes for a credit-fueled investment
boost, raising investor debt concerns again after the likely
initial positive response to more stimulus.”