The recovery of the Chinese economy always sounded too good to be true. Granted, the central government put $585 billion into helping bolster GDP. But, exports and manufacturing cannot do better without a recovery in Japan and in the West.

Credit Suisse analysts are seeing weakening of economic numbers out of China. According to Reuters, ” economic activity appeared to have softened in the second half of April and that the trend was more pronounced in May, with weakness in the materials sector and power consumption spreading to retail sales.”

Douglas A. McIntyre