Reuters reports that China’s top state planner said on Monday that the country’s power usage, train freight and property market have all shown improvement since August, indicating that the economy is stabilizing.

Source: China’s economy showing signs of stabilizing: state planner | Reuters

Expect the Western media to renew its attack on China this week, citing weakness after weakness. Personally, I think it’s necessary to take a longer term perspective. In my view, China will not have a hard-landing although there will be pain as the economic engine changes direction.

Thoughts?

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