Just when I thought I got a good feel for Chinese numbers , another data point comes out that simply leaves me speechless. Listen to what Prof. Balding has to say (here),
The reason is simple in that the Chinese economy is so dependent on investment that should it drop at all, it would have an enormous impact on the economy. In 2016, fixed asset investment was equal to almost 82% of nominal GDP. That is simply an astounding number
I mean, just wow!
(Disclosure: short CNH (increasing) as well as AUD)