Buried in a report on China's upcoming Two Session in the Global Times, a Chinese Communist Party tabloid paper is this little truth bomb:
- China, while sustaining a good economic recovery momentum, still faces a bunch of downward pressures ranging from insufficient demand, weakening social expectation and property downturn that could weigh on economic development prospect this year.
Everything else in the report is glowing, but that sentence highlights the main, huge, issues facing the economy and attempts at boosting it.
More here:
I posted on the Two Session earlier:
As a ps, if you like Chinese stocks, this week is a good one to buy. Markets in China will be propped up this week to avoid embarrassing the jawboning politicians.
