But we’ll entertain the headlines from Chinese statistic bureau spokesman Sheng Laiyun anyway:

  • Chinese economy showing positive changes
  • Seeing clearer signs of growth stabilization
  • Sees some improvements in the external environment
  • China PPI shows improving demand for commodities

I would love to dispute these comments but Chinese stocks are 11% from the June bottom so something good might be happening there. When did I get so cynical?