Indicators of slowdown
There are many indicators of China’s slowdown. Manufacturing was flat last month, according to a widely used index, and non-manufacturing activity in May showed a drop from the previous month. House prices in May fell to a 16-month low. In April, foreign investment in China was down 26 percent from last year. Retail sales of consumer goods were up 14.1 percent in April year-on-year, but that marks a drop from 15.2 percent year-on-year growth in March and more than18 percent growth year-on-year in December.
I think the year over year change in foreign investment is quite telling and astonishing.