The Chinese Economy Is Sinking, Not Transitioning

From Zero Hedge:

 China’s stock market is a small, relative matter; the more troubling imbalances lie and remain elsewhere. This change in production profitability is concerning on three fronts:China’s industry persists at only getting worse even though it has already reverted to a state not seen in a decade or more; consumer appearances may seem generally optimistic despite all that but only because industrial activity has yet to fully make adjustments through resources and labor; andfinancial trends are likely already at the stage of self-reinforcement within and without.

http://www.zerohedge.com/news/2016-01-30/chinese-economy-sinking-not-transitioning