China's transformation from one of the world's poorest countries to its second largest economy in just a single generation is nothing short of astonishing.
But, at this juncture, the nation of 1.3 billion people is traversing some economic rough patches.
For example, Elliott Wave International's November 2018 Global Market Perspective noted:
On October 19, a Bloomberg story titled "China's Problems Keep Piling Up" listed a widening array of economic troubles. One subtle but important issue is a record high in bond defaults. In September, the 2018 total rose to 19 defaults. The number is minuscule by global standards, but it is critical to realize that it is an increase from zero prior to 2014.
Another development of note is price deflation.
Read this excerpt from a Dec. 9 article from the South China Morning Post:
China suffered another economic blow on Sunday with the return of the deflation threat, a day after it reported slower than expected growth in exports and imports.
A fall in both consumer and producer price indexes was a result of weakness in demand from both Chinese consumers and investors and reflected their reluctance to spend as confidence in future growth is undermined by the trade war with the US.
The figures add the challenge faced by the Chinese leadership in keeping economic growth on track ahead of the annual central economic work conference, where policies for next year will be determined.
Last month the consumer price index fell 0.3 per cent from October while the producer price index dropped 0.2 per cent -- the first month-on-month fall in seven months -- due to the steep fall in the price of crude oil and coal, according to data released by the National Bureau of Statistics on Sunday.
You can read the entire article by following the link below: