China Economy: That Sputtering Sound Returns
"A trove of official economic data released Monday showed the economy is, at best, moving sideways, if not sputtering. Signs of meaningful improvement China bulls seized on a couple of months ago are harder to find."
It's China, if the data is anything but soaring, and rose, it means bad. Pretty much all of the serious economists have been spending time looking at the underlying data because the published data is crap.
I will wait for one of the more serious China watchers to opine.