Not a good view

A China Banking Official is on the wires with some not so bullish comments:

  • China's economy still faces relatively large downward pressure, may become apparent by early 2018
  • China's economic stimulus measures have been overly strong, creating asset bubbles
  • China's economy no sufficiently market driven, should push forward market reforms

Not a good opinion of what is to come.

The Shanghai composite index is trading down about -10 points or -0.29% at 3323. The index is up about 7% for 2017.