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Taking a look at the recent macro data from China (the latest being last night's IP number), the...

Taking a look at the recent macro data from China (the latest being last night's IP number), the Also Sprach Analyst suggests the bears have been wrong for not being bearish enough. A late Q1 stabilization in the economic slowdown came and went, and the April data has all been bad. Only slowing inflation - giving room for easier monetary policy - is a positive.
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