China Update

Here are some links for up-to-date facts and opinions:

• Associated Press reports: "China's official figures obscure sharp decline"
• Kenneth Rogoff via Project Syndicate questions "the sustainability of China's growth paradigm" and writes "Is China Immune to Crisis?", available at The Korea Times, and Yves Smith has a short comment at naked capitalism, available also via Economist' s View here.
• "Dry bulk freight surge 'could be shortlived'" warns Macquarie Research via Lloyd' s List, HT Yves Smith, and the UOB Kay Hian report from Hong Kong also lacks conviction in the steel sector ...
• OECD Leading Indicators
• and a strong devaluation message by Albert Edwards of Societe Generale