huangthomas

If China Is Recovering, How Will We Fare?

See you all in China! Shanghai, Guangzhou, or Beijin. I love Yunnan and Chengdu as well. Have you ever hug a Panda in Chengdu?

If China Is Recovering, How Will We Fare?

I feel it is a bit too early to call the bottom. Electricity generation is still slowly going down hill. The March figure is -2.19%. It could go down further because last year snow storm interrupted power supply for up to 2 month in some regions. Therefore, we have a low figure to compare with on y.o.y basis. Labor-intensive manufacturing for export to developed economy has stabilized. I believe it is approaching the bottom, but not quite there yet. Calling the bottom is the only game in town now!