Is China in Recession?

What we have discovered recently is that not only is the quality of China’s economic numbers are even worse than the US, but real time numbers indicate to us that China is probably already in a recession.

Electricity consumption now is barely growing after years of double digit gains. Rail cargos volumes are also now barely ahead and new bank loans are actually dropping.

Chinese residential real estate sales were down 17% in Q1 and other real time indicators indicate that demand and now prices for Chinese home are actually dropping.

                          ...................... Charles Biderman