Ambrose Evans Pritchard writes:
Nomura’s early warning signal for the Chinese financial system – the China Stress Index – is flashing amber again…….Its case against China: “overinvestment and excessive credit; a rudimentary monetary policy architecture; too many privileges for state-owned enterprises; unintended consequences of financial liberalisation; the Lewis turning point; and growing pains from worsening demographics and increasing strains on natural resources”……..
via Nomura's fresh alert on a Chinese hard landing – Telegraph Blogs.