Now with the strict report format for financial reporting in China we will never know when the final straw on the camel's back would happen.One can safely assume when the tenor of the screams bringing good tidings increase, is the time to watch out for.Other way is to move to China and keep your ear to the ground or scan the new underground for Chinese economic news.
The bond defaults which has exceeded last years defaults , will it or will it not be reported is the question.Bad news always has a way of making it out and reaching you quickly albeit in an exaggerated manner, good news gets delayed due to envy and jealousy always blocking its path.And truth will always prevail however long it may take but it shall prevail.
The property prices do we see a slow down on the pricing front, not likely it will keep rising as long is credit is available cheaply,or even anticipation of it is enough for the prices to keep going up.The bank bad debts keeps mounting and they keep brushing it under the carpet.When will one trip and fall on the carpet, it could be sooner than expected.
For the time being they will keep playing with the ignition to jump start the economy in their attempt to bring it to the earlier levels, by tinkering with the value of the yuan and this will lead only to chaos and more confusion in the financial market.We could see some major moves on this front, later this week.You cannot put past the powers that be there to do something out of sheer frustration .
The picture does look bleak, and the first sign as usual will be the flight of capital which is increasing as the days go by and not a a good omen on the faith of the Chinese people in their economy.The question now is the US. economy strong enough to weather the problems stemming out of China? now we do know the answer to that question.