FAST FIVE: China Deceleration Continues As Stocks Price-In Massive Rebound
China's growth outlook for the year is one of stabilization, with growth expected to slip under the 6% mark.
Over the last decade, China has been responsible for 60% of the world's debt creation – and with the country continuing to slow, that doesn't bode well for a massive global recovery that equity markets have already priced in.
CMI 3.0 prints around 4.7%, has stabilized since the middle of last year.
There's no indication that China's economy will significantly turn up in early 2020, which means the global economy could continue to stagnate.
Slowing China has also weighed on crude oil prices.