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China's Economic Woes To Continue

At the beginning of 2015, I was of the view that US and Indian equities will continue to perform well through the year while China is likely to underperform. For YTD15, Chinese equities have provided returns of 0.4%, US equities (NYSEARCA:SPY) has returned 1.9% and Indian equities have surged by 7.5%. I expect India to remain the star performer, US a steady performer and China, an underperformer in 2015. This article discusses some of the latest economic data from China that points to more gloom for the economy.

Today, China announced an economic growth target of 7% for 2015 with Premier Li Keqiang acknowledging that the downward pressure on Chinese economy is intensifying. In my view, China's growth is likely to be below 7% for 2015 and my view is backed by IMFs GDP growth projection of 6.8% for 2015 and 6.3% for 2016. Read more