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Chinese industrial company profit growth slowed to 5.3% Y/Y in March, down from a 17.2% pace in...

Chinese industrial company profit growth slowed to 5.3% Y/Y in March, down from a 17.2% pace in the year's first two months. For the quarter as a whole, profits rose 12.1% - roughly inline with sales, meaning flat margins. "With problems of overcapacity and the sluggish global picture, it doesn't bode well," says RBS' chief China economist Louis Kuijs. Shanghai (FXI, CAF) closed overnight.
Comments (2)
  • China is a warning signal for the next bear market which should be starting very soon in the U. S., and a Major top may be in already.
    5 charts show now is the time to sell
    http://bit.ly/WpVqYk
    29 Apr 2013, 08:20 AM Reply Like
  • Like they say go away in May. The only thing keeping the markets up is the Feds $85 billion a month going into stocks.
    29 Apr 2013, 10:15 AM Reply Like
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