This isn't confidence inspiring, even if the guy is a perennial bear..
China's slowing economy is being overlooked by investors worldwide as the potential source of a major global economic bust in the near future, according to one of the most famously bearish strategists in the industry. Writing to clients on Thursday, Societe Generale strategist Albert Edwards argued that a "hard landing" in the Chinese economy could be considered the "most underrated risk of complacent markets." Edwards, who is well known on Wall Street for his doom-laden predictions for the markets, argues that China's ability to navigate the 2008 crisis fairly unscathed has blinded investors, and made them ignore signs that a crash may be imment.
Albert Edwards says markets are ignoring a major risk in China - Business Insider
Not good, this:
Chinese government steps to boost household income are unlikely to result in a spending boom, our latest consumer survey shows, as respondents show growing sensitivity to negative economic news. The FTCR China Consumer Index fell another 1.1 points to 69.3 in October, below the series average of 69.8 and marking the lowest reading since January 2017.
Chinese consumers trim spending as worry spreads | Financial Times