The Elephant Dragon In The Room: China’s Hard Landing, In 21 Charts

Friday, January 2, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
01/02/2015

Back in September, before the crude crash started in earnest driven far more by the relentless Chinese – and global – economic slowdown than anything OPEC may or may not have done (and whose output, as a reminder, hasn’t changed in years and actually declined, indicating the plunge is demand not supply driven) we showed, with the help of a few clear charts, that China is gripped by the worst commodity, and economic, crash in ages.

Today we update where China stands on its path to a very hard landing. As the charts below show, what has been so far a controlled descent is rapidly sliding out of control as the elephant-dragon in the room can no longer be ignored.

China’s NBS manufacturing PMI at 50.1 in December, down from 50.3 in November, the lowest in one and a half years.

The Rest…HERE

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