Yes, I’m convinced: in retrospect I now see there is likely more downside to the Chinese stock market.
I expect China stocks will see a bit of a rally off this US stock rally, then I’ll dump my FXI (ISHARES TR FTSE XINHUA HK CHINA 25 INDEX FD), which by the way, I’m only down 3.3% on.
I just returned from ten days in China. This weekend I fly back for another MONTH in China. Mostly I’m in Southern China, where the economy is REALLY BAD in that area, and getting worse.
Owners of major and smaller factories are stealing the last remaining funds from their businesses, selling equipment, and then running away in the middle of the night from their South China factories (that have become insolvent).
